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.

TikTok Creating Its Own eCommerce Fulfillment Network
TikTok Creating Its Own eCommerce Fulfillment Network
November 08, 2023  |  eCommerce

TikTok is establishing a warehouse and fulfillment network to boost its eCommerce operations. As a report Tuesday (Nov. 7) by The Wall Street Journal (WSJ) noted, this move...

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Chinese AI Unicorn 01.AI Claims to Rival Meta’s Llama 2
Chinese AI Unicorn 01.AI Claims to Rival Meta’s Llama 2
November 06, 2023  |  artificial intelligence

Chinese artificial intelligence (AI) startup 01.AI has reportedly reached unicorn status less than eight months after launching. The company, founded by computer scientist and Google/Microsoft veteran Kai-Fu Lee,...

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Amazon’s Counterfeit Crimes Unit Pursued 1,300 Criminals Last Year
Amazon’s Counterfeit Crimes Unit Pursued 1,300 Criminals Last Year
November 01, 2023  |  Amazon

Amazon’s Counterfeit Crimes Unit (CCU) sued or referred for investigation more than 1,300 criminals and disposed of 6 million counterfeit products last year. These actions...

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Apple’s New Macs Could Debut at Pre-Halloween Event
Apple’s New Macs Could Debut at Pre-Halloween Event
October 24, 2023  |  Apple

Apple is reportedly offering its fans a pre-Halloween treat: a glimpse at new Mac laptops. As CNBC reported Tuesday (Oct. 24), the tech giant has sent out invitations...

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Apple CEO Tim Cook Visits China Amid Lower iPhone Sales
Apple CEO Tim Cook Visits China Amid Lower iPhone Sales
October 22, 2023  |  Apple

Apple CEO Tim Cook reportedly made an unannounced visit to China, one of the company’s largest markets and a manufacturing hub, as iPhone sales decline and government...

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iPhone 15 Sales Trail Predecessor in China
iPhone 15 Sales Trail Predecessor in China
October 16, 2023  |  Apple

Chinese consumers are reportedly less enthusiastic about the iPhone 15 than the iPhone 14. Separate analyses, shared in a report Monday (Oct. 16) by Bloomberg News, show...

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Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies
October 13, 2023  |  Retail

Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods...

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Report: China’s Crackdown on Foreign Apps Could Impact Apple’s iPhone App Store
Report: China’s Crackdown on Foreign Apps Could Impact Apple’s iPhone App Store
September 29, 2023  |  Apple

China’s Ministry of Industry and Information Technology has reportedly issued new rules that could restrict Apple from offering many foreign apps on its iPhone app...

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Report: China Evergrande Chair Detained for Unspecified Crimes
Report: China Evergrande Chair Detained for Unspecified Crimes
September 28, 2023  |  International

China’s largest property development company has halted trading after its chairman was reportedly detained. As the Wall Street Journal reported Thursday (Sept. 28), law enforcement in China...

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