Tesla Inc is reducing the price of its Model X and Model S cars sold in China, Reuters reports, as the electric car maker braces for a hit from the ongoing US-China trade war. The company, headed by tech mogul Elon Musk, announced that the two cars will be 12-26% cheaper in order to stay […]
Category: Consumer
Italian fashion label Dolce & Gabbana has cancelled a Shanghai fashion show after a controversial advertising campaign drew fury from Chinese social media, with dozens of local celebrities pledging to boycott any event, the Wall Street Journal reports. The video ad, portraying a glamorous Chinese model attempting to eat Italian food with chopsticks, was deemed […]
New regulation requiring unofficial overseas importers, or daigou, to sell goods on licensed shopping platforms subject to tax could be a windfall for foreign brands in China’s fast-growing consumer market, the Financial Times reports. Many Chinese shoppers have leveraged personal contacts abroad to send or buy foreign goods on their behalf, due to a lack […]
The Financial Times has reported that e-commerce giant JD.com used hundreds of students from a local vocational school in its warehouses to manage Singles’ Day orders, paying them as little as Rmb 14 ($2) per hour. Students said that they were made to work 12- to 16-hour shifts, including overnight stints, being told they would […]
American businesses and households will only pay 4.5% more after the US raises tariffs on $250 billion of Chinese goods to 25% in January, concludes a new report by European Union research group EconPol analysed by Bloomberg. The remaining 20.5% cost will hit the pockets of Chinese producers, the report says, fulfilling one of President […]