Amazon Expands Reach in China with Innovation Center and Seller Summit
As a powerful whirlwind wraps in China’s e-commerce landscape with new contenders, Amazon hosted a momentous summit for its China-based sellers to fortify its position and assert new strategies for…
China’s Industrial Growth Surges, But Retail Sales Disappoint
In its most robust industrial expansion since October 2019, China heralds a new era of post-COVID-19 renaissance, lending credence to its global standing as the world’s second-largest economy. However, it’s…
Fake TikTok accounts spread disinformation on Russia-Ukraine war
In an alarming revelation of the digital warfare that accompanies real-world conflict, counterfeit TikTok accounts are found carrying out an insidious campaign of disinformation on the ongoing war in Ukraine,…
Yellen’s Plan to Improve U.S.-China Relations Tackles Cold Diplomacy
U.S. Treasury Secretary Janet Yellen addressed the complex economic relationship between the United States and China late Thursday, outlining a calculated approach aimed at bettering ties between the world’s two…
Malaysia Prime Minister Determined to Recover Goldman Sachs 1MDB Settlement and Warns of Potential Lawsuits
The Prime Minister of Malaysia has unequivocally pledged to recover the settlement associated with the 1Malaysia Development Berhad (1MDB) case from Goldman Sachs, the global banking giant, and has warned…
China Central Bank Adjusts Loan Rates: One-Year Rate Cut, Five-Year Rate Unchanged
In an interesting yet perplexing move, China’s central bank — The People’s Bank of China (PBOC) — trimmed its one-year loan prime rate slightly, but left its five-year rate surprisingly…
Biden Aims to Strengthen Ties Between Japan and South Korea at Camp David Meeting
President Joe Biden has signaled a determination to foster a stronger rapport between two indispensable allies in the east – Japan and South Korea, in an effort to solidify an…
Sea Shifts Focus from Profits to Growth Amidst Rising Competition
Just months ago, Southeast Asian tech giant, Sea, undertook a significant pivot to concentrate keenly on profitability in response to unfavorable economic conditions marked by inflated interest rates. Yet in…
China’s Market Resilient Amid Economic Troubles, Says CNBC’s Jim Cramer
In a striking assessment of the current economic landscape in China, CNBC’s renowned financial analyst, Jim Cramer, offered a lifeline on Thursday to weary investors fearful that the economic downturn…
Xpeng Shares Plummet 7% as Record Quarterly Loss Stirs Investor Concerns
Chinese electric car manufacturer, Xpeng Inc.’s stock took a blow Friday, as shares fell nearly 7% following the report of a record-setting, wider-than-anticipated second-quarter loss. Traditionally considered a key player…