How PDD's Temu, the world's biggest online dollar store, got sucked into President Trump's trade war; eMarketer expects Temu to have $30B in US sales in 2025
along with a 72-hour workweek regime on the side https://www.bloomberg.com/... Zheping Huang / @pingroma : Together, @spencersoper, @ClaireYChe & I take you to the Chinese factory ...
How PDD's Temu, the world's biggest online dollar store, got sucked into President Trump's trade war; eMarketer expects Temu to have $30B in US sales in 2025
along with a 72-hour workweek regime on the side https://www.bloomberg.com/... Zheping Huang / @pingroma : Together, @spencersoper, @ClaireYChe & I take you to the Chinese factory ...
How PDD's Temu, the world's biggest online dollar store, got sucked into President Trump's trade war; eMarketer expects Temu to have $30B in US sales in 2025
along with a 72-hour workweek regime on the side https://www.bloomberg.com/... Zheping Huang / @pingroma : Together, @spencersoper, @ClaireYChe & I take you to the Chinese factory ...
Hero Games' Daniel Wu reflects on his studio's 20% stake in Game Science, the creator of China's biggest PC game Black Myth: Wukong, which has sold 18M+ copies
one of the fastest starts the global gaming industry has seen. That record pace has in turn minted millions for its earliest and biggest investor. https://www.bloomberg.com/... Zhe...
Sources: TikTok plans to launch TikTok Shop in Spain and Ireland as early as October; the rollout will be smaller than previously envisioned amid EU scrutiny
Bloomberg :
Sensor Tower: Nexon's Dungeon & Fighter Mobile generated $270M on iOS in China in the 30 days after its May 21 launch, marking Tencent's biggest release in 2024
- ‘Dungeon & Fighter Mobile’ is off to a hot start in China — The Nexon-produced game is Tencent's biggest release this year
Sensor Tower: Nexon's Dungeon & Fighter Mobile generated $270M on iOS in China in the 30 days after its May 21 launch, marking Tencent's biggest release in 2024
- ‘Dungeon & Fighter Mobile’ is off to a hot start in China — The Nexon-produced game is Tencent's biggest release this year
A look at Tencent removing hit game Dungeon & Fighter Mobile from Android app stores in China, some of which have a default sales split of 50% on games revenue
Zheping Huang / Bloomberg :
Tencent's Lightspeed LA studio reveals Last Sentinel, an ambitious console game by GTA veteran Steve Martin and part of Tencent's push to create IP from scratch
- Lightspeed LA reveals ‘Last Sentinel’ at The Game Awards — AAA game sets the stage in a futuristic, cyberpunk Tokyo
A look at AI chatbots from Baidu, ByteDance, and other Chinese companies, rolled out publicly after China's approval, and how they deal with sensitive content
A look at AI chatbots from Baidu, ByteDance, and other Chinese companies, rolled out publicly after China's approval, and how they deal with sensitive content
Zheping Huang / Bloomberg :
Sources: the US is considering new AI chip export restrictions to China as soon as July, which could even ban the sales of Nvidia's A800 chip without a license
Restrictions come amid concerns that China could use AI chips from Nvidia and others for weapon development and hacking
China is racing the US in AI, but demos show Chinese companies have far to go; Preqin: US AI investments were $26.6B in the year to mid-June, vs. China's $4B
Bloomberg :
In a surprise move, Alibaba names Eddie Wu as CEO, replacing Daniel Zhang, and Executive Vice Chairman Joseph Tsai as Chairman; Zhang will continue as Cloud CEO
Alibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share …
A look at ByteDance's efforts to turn Douyin into a super app; ByteDance says Douyin's 700M users increased their spending on its on-demand services 7x in 2022
Zheping Huang / Bloomberg :
Sources: TikTok is aiming for $20B in global e-commerce GMV in 2023, more than quadruple the $4.4B in 2022, after TikTok Shop's rapid growth in Southeast Asia
but it faces big challenges PYMNTS.com : Report: TikTok Plans to Quadruple Its eCommerce Network Jofie Yordan / Tech in Asia : TikTok Shop bets on SEA to reach $20b revenue target ...
Hong Kong outlines crypto trading rules for bitcoin, ether, and other large coins, letting retail investors trade them on licensed exchanges starting on June 1
Bloomberg :
After China banned crypto in September 2021, FTX's creditor lists, citizens, and industry insiders suggest Chinese residents continue to trade digital assets
Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
After China banned crypto in September 2021, FTX's creditor lists, citizens, and industry insiders suggest Chinese residents continue to trade digital assets
Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
Source: Chinese search giant Baidu plans to launch an AI chatbot, similar to OpenAI's ChatGPT, in March 2023, initially embedded into its main search services
Baidu Inc. is planning to roll out an artificial intelligence chatbot service similar to OpenAI's ChatGPT, according to a person familiar …