PYMNTS-MonitorEdge-May-2024

china

China, officially the People's Republic of China, is a country in East Asia and the world's most populous country, with a population of around 1.404 billion in 2017. Covering approximately 9,600,000 square kilometers, it is the third or fourth largest country by total area.

FBI: China Cyberattacks on US Infrastructure Reach New Level
FBI: China Cyberattacks on US Infrastructure Reach New Level
February 18, 2024  |  Cybersecurity

The Chinese government’s attempts to virtually attack U.S. infrastructure have reportedly reached new levels. That’s according to FBI Director Christopher Wray, who said Sunday (Feb....

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Report: Sen. Marco Rubio Asks SEC to Block Shein IPO
Report: Sen. Marco Rubio Asks SEC to Block Shein IPO
February 15, 2024  |  IPO

Sen. Marco Rubio, R-Fla., is reportedly asking the Securities and Exchange Commission (SEC) to prevent fast fashion platform Shein from its bid to list publicly in...

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Report: Apple iPhone Shipments Expected to Drop 10% to 15%
Report: Apple iPhone Shipments Expected to Drop 10% to 15%
January 30, 2024  |  Apple

Apple shares reportedly dropped 2% after TF International Securities analyst Ming-Chi Kuo said the tech giant expects demand for iPhones to be lower in 2024. The analyst said...

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Report: Shein Investors Sell Discounted Shares as IPO Enthusiasm Wanes
Report: Shein Investors Sell Discounted Shares as IPO Enthusiasm Wanes
January 25, 2024  |  Retail

Investors in fashion retailer Shein are reportedly selling discounted shares. Those private-market deals value Shein at as low as $45 billion, Bloomberg News reported Thursday (Jan. 25),...

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Apple Becomes China’s Top Smartphone as Shipments Dip
Apple Becomes China’s Top Smartphone as Shipments Dip
January 25, 2024  |  Apple

Apple’s troubles in China haven’t kept it from becoming the country’s smartphone leader. The iPhone was the most popular phone among Chinese consumers in 2023, even as the...

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Will AI’s Biggest Questions Find Their Answers This Year?
Will AI’s Biggest Questions Find Their Answers This Year?
January 17, 2024  |  artificial intelligence

Technological innovations bring with them vast economic opportunities, but also an equal number of questions. These can include questions around their most effective use, questions...

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Apple Marks Down iPhones in China Amid Waning Demand
Apple Marks Down iPhones in China Amid Waning Demand
January 15, 2024  |  Apple

Apple is offering Chinese customers discounts of as much as $70 on its latest iPhones. The three-day sale was announced on the company’s Chinese website Monday (Jan. 15)...

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Report: Shein’s Filing With Chinese Regulator Could Delay IPO Plans
Report: Shein’s Filing With Chinese Regulator Could Delay IPO Plans
January 12, 2024  |  IPO

Shein is reportedly seeking approval from a Chinese regulator to go public in the United States. The online fashion company, which is based in Singapore...

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iPhone Shipments in China Projected to Fall by Double Digits
iPhone Shipments in China Projected to Fall by Double Digits
January 08, 2024  |  Apple

Apple is reportedly in danger of losing significant ground to Chinese smartphone maker Huawei. Sales of the company’s iPhone in China fell by 30% for the first week of...

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