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.

Shein Reportedly Set to File for UK IPO
Shein Reportedly Set to File for UK IPO
June 03, 2024  |  IPO

Shein reportedly plans to file to list on the London Stock Exchange confidentially. The filing from the online fast fashion giant could come in the next few days,...

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Apple Enjoys Comeback in China as iPhone Sales Jump 52%
Apple Enjoys Comeback in China as iPhone Sales Jump 52%
May 28, 2024  |  Apple

Shipments of Apple’s iPhone climbed 52% in China last month following a wave of sales and markdowns. That’s according to a report Tuesday (May 28)...

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Chinese Tech Giants Threatened by Smaller AI Products
Chinese Tech Giants Threatened by Smaller AI Products
May 20, 2024  |  artificial intelligence

Artificial intelligence (AI) firms have reportedly begun offering “AI-in-a-box” tools for companies to run in-house. It’s a trend that presents a threat to the AI cloud computing...

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Pressure From Rivals Causes Apple to up Discounts on iPhones in China
Pressure From Rivals Causes Apple to up Discounts on iPhones in China
May 20, 2024  |  Apple

Apple has reportedly begun a campaign of heavy discounting on its iPhone in China. The markdowns — up to 2,300 yuan (about $320) on select iPhone models on...

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This Week in Web3: Crypto Payment Rails and Regulatory Clarity
This Week in Web3: Crypto Payment Rails and Regulatory Clarity
May 15, 2024  |  Cryptocurrency

As Nathaniel Hawthorne wrote in the1800s, “families are always rising and falling in America.” And the same holds true for the cryptocurrency and Web3 space...

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Alibaba: Trust Is Make-or-Break for eCommerce Shoppers in China
Alibaba: Trust Is Make-or-Break for eCommerce Shoppers in China
May 14, 2024  |  Earnings

Amid Alibaba’s declining profits, the eCommerce giant is seeing its online shoppers’ spending habits depend heavily on how trustworthy they feel the platform is. On...

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Ant Group Earnings Fall 19% Amid Digital Wallet Efforts
Ant Group Earnings Fall 19% Amid Digital Wallet Efforts
May 14, 2024  |  Earnings

Ant Group’s profits have dropped 19% as the Chinese FinTech expands its digital wallet offering. A report Tuesday (May 14) by Bloomberg News breaks down the...

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Shein Reportedly Rebuffed by National Retail Federation Ahead of IPO
Shein Reportedly Rebuffed by National Retail Federation Ahead of IPO
May 13, 2024  |  Retail

Shein reportedly has some work to do if it wants to court the U.S. retail industry. The fast fashion giant filed for an initial public offering...

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Chinese Users Report WhatsApp Working Despite Country’s Ban
Chinese Users Report WhatsApp Working Despite Country’s Ban
May 09, 2024  |  International

WhatsApp is reportedly working in China despite a years-long ban on this and other foreign messaging and social media platforms. Users of the Meta-owned messaging platform in the...

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