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.

Report: Huawei May Exempt WeChat From In-App Transaction Fees
Report: Huawei May Exempt WeChat From In-App Transaction Fees
June 19, 2024  |  Mobile Applications

Huawei is reportedly ready to let WeChat operate on Huawei’s mobile platform without sharing revenue. The deal, Bloomberg News reported Wednesday (June 19), would be...

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Tech Firms Tighten Staff Scrutiny Over China Spying Concerns
Tech Firms Tighten Staff Scrutiny Over China Spying Concerns
June 19, 2024  |  Technology

Companies in Silicon Valley are reportedly doing more staff vetting over concerns about Chinese espionage. As the Financial Times (FT) reported Wednesday (June 19), firms...

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China’s Huawei Mulls In-App Purchase Fees as it Challenges Apple
China’s Huawei Mulls In-App Purchase Fees as it Challenges Apple
June 18, 2024  |  Mobile Applications

Chinese smartphone-maker Huawei is reportedly considering levying in-app purchase fees on its operating system. That’s according to a report Tuesday (June 18) by Bloomberg News,...

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Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
June 14, 2024  |  eCommerce

Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. The Richemont-owned luxury eCommerce platform is moving to focus on its core and...

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Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
June 14, 2024  |  Retail

Luxury brands in China are reportedly resorting to “unprecedented” discounts to sell unsold inventory and entice cautious Chinese consumers. The price cuts reflect growing concerns...

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Shein Reportedly Raises Prices as IPO Looms
Shein Reportedly Raises Prices as IPO Looms
June 13, 2024  |  Retail

As it prepares to go public, fast fashion retailer Shein is reportedly driving up prices. The company has raised prices on a third of its core products,...

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Report: Temu Drawing More Return eCommerce Shoppers than eBay
Report: Temu Drawing More Return eCommerce Shoppers than eBay
June 11, 2024  |  eCommerce

Temu may be the new kid on the eCommerce block, but it’s becoming one of the biggest. That’s according to a new survey by U.K....

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China to Help Its eCommerce Firms Go Global
China to Help Its eCommerce Firms Go Global
June 11, 2024  |  eCommerce

China unveiled rules designed to fuel international warehouse construction and expand cross-border eCommerce. The draft rules from China’s commerce ministry cover both incoming and outgoing...

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Lululemon’s Omnichannel Push Drives 35% International Sales Growth
Lululemon’s Omnichannel Push Drives 35% International Sales Growth
June 05, 2024  |  Earnings

The days of Lululemon’s U.S. growth may be over, but it seems that international shoppers are now springing for the North American athleisure look. The...

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