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The Latest Breaking News on China tech

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies

The Independent UK

Shanghai Composite Index Fell 0.54% on Monday

Shenzhen Component Index closed down 0.29%

Caixin Global

Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

The Independent UK

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China's ByteDance Has Gobbled Up $1 Billion of Nvidia GPUs for AI This Year

China's ByteDance has already ordered around 100,000 Nvidia datacenter accelerators in 2023 — more than the entire Chinese market ordered last year.

Tom’s Hardware

Bill Gates Reportedly Snags Rare Meeting With Xi Jinping Amid China Tour: ‘Need To Unlock That Kind Of Progress’

Corporate chiefs have been making a beeline for China ever since the country reopened its economy late last year following the strict COVID-19 lockdowns

Zenger

Why is Temu so cheap? Start-up overtakes Shein in sales

Temu sales were reportedly 20% higher than Shein’s in the US for the month of May, exceding its initial American targets

Evening Standard

Shanghai Composite Index Rose 0.74% on Thursday

Shenzhen Component Index closed up 1.81%

Caixin Global

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A once-obscure Chinese startup overtakes Shein In US

This time last year, hardly anyone in the U.S. knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.

Tribune News Service

Weirdest items you can buy off Shein right now - including sweetcorn earrings, belly bum bags and fish masks

From hamster slippers and anti-slip finger covers to fish-themed masks, there is no extent to the odd things shoppers can find on the website

Wales Online

Shanghai Composite Index Rose 0.15% on Tuesday

Shenzhen Component Index closed up 0.76%

Caixin Global

Case Maker Lian Li Embroiled in Taiwan Flag Drama

Lian Li has annoyed both Chinese and Taiwanese netizens after "a staff error" put the latter's flag in the language UI of its website.

Tom’s Hardware

Shanghai Composite Index Fell 0.08% on Monday

Shenzhen Component Index closed up 0.74%

Caixin Global

China spied on Hong Kong activists using TikTok, lawsuit claims

Former ByteDance executive alleges that Chinese officials used ‘god credential’ to get around protections for user data.

Al Jazeera

Shanghai Composite Index Fell 1.15% on Tuesday

Shenzhen Component Index closed down 1.58%

Caixin Global

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.79% on Friday

Shenzhen Component Index closed up 1.5%

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed up 0.39%

StockNews.com

Is Alibaba (BABA) a Good Buy?

Over the last two years, the e-commerce giant Alibaba (BABA) was hit by heavy regulatory scrutiny, brutal competition, and China’s slowing economy. But the stock got a lift this year after the nation’s Covid reopening and easing of regulatory woes. Furthermore, the company announced a restructuring plan designed to enhance…

Wales Online

'Gorgeous' £9 Shein skirt with thousands of five star reviews becomes top rated on site

One pleased Shein shopper wrote: "It feels and fits like it’s made for you"

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Caixin Global

Shanghai Composite Index Rose 0.35% on Friday

Shenzhen Component Index closed up 0.12%

Caixin Global

Shanghai Composite Index Fell 0.11% on Thursday

Shenzhen Component Index closed down 0.22%

Irish Mirror

IDA refuses to state 'environmental and workers rights' assurances SHEIN gave before Irish opening

EXCLUSIVE: Enterprise Minister Simon Coveney said in a parliamentary question that Chinese fast-fashion company SHEIN gave the IDA 'assurances in relation to the company’s commitment to environmental sustainability'.

Tom’s Hardware

BOE's Insane 110-inch 16K Display Humbles Even the Mighty RTX 4090

BOE showcased its 110-inch 16K panel at Display Week 2023. This unit is a prototype built for the show and there's no timeline for when (if) it will be available.

Caixin Global

Shanghai Composite Index Fell 1.28% on Wednesday

Shenzhen Component Index closed down 0.84%

Wales Online

Shein mocked for selling £9 'denim booty shorts' that look more like a 'thong'

The retailer is currently offering a pair of the 'Low Rise Booty Denim Shorts' for £9.49

Caixin Global

Shanghai Composite Index Fell 1.52% on Tuesday

Shenzhen Component Index closed down 1.03%

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