Apple’s chief iPhone supplier will increase investments outside of China as consumer electronic demand weakens. Foxconn, the world’s largest contract electronics manufacturer, released earnings Wednesday (Mar. 15)...
China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and...
When it comes to the biggest economic threats, Jamie Dimon is looking beyond U.S. borders. “The thing I worry the most about is Ukraine,” the...
American companies in several industries are banking on increased post-pandemic consumer demand from China. A report Sunday (Feb. 26) by The Wall Street Journal (WSJ)...
China’s Ant Group’s quarterly profits plummeted following a long-term crackdown on the country’s tech sector. The FinTech contributed $145 million to its affiliate Alibaba’s earnings,...
The fast-fashion world’s four-way battle could have a fifth player in Temu. The eCommerce company has been operating in the U.S. since last year but...
Consumers in China are reportedly reining in spending and borrowing less due to economic uncertainty. Chinese consumers borrowed the equivalent of $564 billion last year,...
India has reportedly banned 232 apps connected to China as relations between the neighbors worsen. The order by India’s tech ministry blocks 138 betting and...
Berkshire Hathaway’s Charlie Munger wants America to take a page from China and ban cryptocurrencies. In a Wall Street Journal opinion piece Wednesday (Feb. 1),...