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.

Citi Hits Snag With China Plans as Regulators Flag Data Issue
Citi Hits Snag With China Plans as Regulators Flag Data Issue
September 23, 2024  |  Banking

Citi’s plan to expand in China has reportedly hit a regulatory bump in America. The trouble stems from a penalty levied by the Federal Reserve against the banking...

READ MORE >
Connected Car Tech From China Faces US Ban
Connected Car Tech From China Faces US Ban
September 22, 2024  |  Connected Economy

The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from...

READ MORE >
Huawei Logs 3 Million Foldable Phone Orders Before Apple Launch
Huawei Logs 3 Million Foldable Phone Orders Before Apple Launch
September 09, 2024  |  Retail

Huawei’s foldable smartphone has logged millions of orders, launching ahead of Apple’s AI rollout. As of Monday (Sept. 9) morning, the Chinese company’s website showed...

READ MORE >
Temu Parent Accumulates $38 Billion Cash Stockpile
Temu Parent Accumulates $38 Billion Cash Stockpile
September 01, 2024  |  eCommerce

PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. That’s the largest cash position of any listed company that...

READ MORE >
Lumen: Chinese Hacking Group Breached 4 US Companies
Lumen: Chinese Hacking Group Breached 4 US Companies
August 27, 2024  |  Security & Fraud

Hackers tied to China breached four U.S. companies, according to cybersecurity researchers. Lumen’s Black Lotus Labs said in a Tuesday (Aug. 27) blog post that...

READ MORE >
China’s AI Price War May Spark Global Tech Showdown, Industry Insiders Say
China’s AI Price War May Spark Global Tech Showdown, Industry Insiders Say
August 23, 2024  |  artificial intelligence

Chinese tech giants are slashing prices on artificial intelligence (AI) models, and Silicon Valley is feeling the heat. The fierce competition, initially triggered by companies...

READ MORE >
Walmart Sells JD.com Shares Amid Increased Focus on China
Walmart Sells JD.com Shares Amid Increased Focus on China
August 21, 2024  |  Retail

Walmart has sold its entire stake in Chinese eCommerce giant JD.com. The move, announced in a securities filing Tuesday (Aug. 20), comes as Walmart is increasing its own focus...

READ MORE >
Shein Alleges Copyright Infringement in Lawsuit Against Temu
Shein Alleges Copyright Infringement in Lawsuit Against Temu
August 20, 2024  |  Legal

Fast-fashion giant Shein reportedly sued rival company Temu, alleging copyright infringement. In a civil complaint filed in Washington, D.C., Shein alleged that Temu encourages sellers...

READ MORE >
Chinese Tech Giants Embrace AI for Online Interactions
Chinese Tech Giants Embrace AI for Online Interactions
August 16, 2024  |  artificial intelligence

China’s leading technology companies are swiftly incorporating artificial intelligence (AI) into their services, a move that’s transforming how millions interact, learn and work online. Integrating...

READ MORE >