Shein, the online fast-fashion retailer founded in China, has set up a regional headquarters in Dublin to run its operations in Europe, the Middle East and Africa (EMEA), which comes just weeks after Chinese rival PDD Holdings made a similar move in the city known as a tax haven, reports the South China Morning Post. […]
Category: Tech, Media & Telecom
China is aiming to train 500,000 blockchain professionals after the launch last Wednesday of its national blockchain research centre, as its work to make the technology a central part of the digital economy continues amid a strict ban on cryptocurrencies, reports the South China Morning Post. The research centre, located in Beijing and approved by […]
ByteDance, the tech unicorn behind global hit short video app TikTok and its Chinese sibling Douyin, has disposed of its bricks-and-mortar real estate agency, taking a step back from China’s property industry amid continued weakness in the country’s housing market, reports the South China Morning Post. Fujian Haofang Youxing Information Technology Co—a ByteDance subsidiary that […]
BYD reported another stellar quarter of earnings on the back of booming electric-vehicle sales that has propelled the company past Volkswagen AG to become China’s top-selling car brand, reports Bloomberg. Net income in the three months through March surged 411% from a year earlier to RMB 4.13 billion ($597 million), the Shenzhen-based automaker said in […]
Foxconn Technology Group has opened a new global business base in central China’s Henan province, where the Taiwanese company already runs the world’s largest iPhone plant, as it reaffirms its commitment to the Chinese market amid increasing moves by Apple’s suppliers to diversify their supply chains, reports the South China Morning Post. An opening ceremony, […]