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The Latest Breaking News on China tech

Judge rules that drone maker DJI is affiliated with China’s defense industry — company to stay on Pentagon’s list of Chinese military companies

DJI sued the DoD, saying that it's not a Chinese military company, but the courts ruled otherwise.

Tom’s Hardware

China's Luckin Coffee Is Racing Past Starbucks As Nationalist Sentiment, Soaring Store Counts, Triple-Digit Profit Growth Leave US Giant Scrambling

Coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) is facing stiff competition in China, and its stock remains under pressure, marking a sharp divergence from its China-based arch-rival, Luckin Coffee Inc. (OTC: LKNCY), which has been soaring and hitting new highs throughout this past year.

Benzinga

For China, TikTok becomes bargaining chip amid tensions with US

Beijing’s stance on selling the video-sharing platform has softened amid other disputes with Washington.

Al Jazeera

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China's largest chipmaker testing first homegrown immersion DUV litho tool — SMIC takes significant step on road to wafer fab equipment self-sufficiency

SMIC is testing a domestically built immersion DUV lithography system developed by Yuliangsheng and capable of 28nm-class process technology. But while it is said that the tool could be used to make 7nm or even 5nm-class chips with multipatterning, it remains to be seen whether this is going to happen…

Tom’s Hardware

China Says Imposed Punishment On Xiaohongshu Over Content

China's internet regulator said on Thursday it had ordered "warnings and strict punishment" to bosses at popular social media app Xiaohongshu over its online content, slamming "trivial" and "negative" posts.

International Business Times

Shein UK accused of moving ‘vast bulk of income’ to Singapore to cut British tax

Fast-fashion retailer rejects accusations as Fair Tax Foundation questions its tax arrangements

The Guardian - UK

Zijin Mining Plans $3 Billion Hong Kong Listing As Gold Hits Record Highs

Zijin Mining Group (OTCPK: ZIJMF), China's largest gold producer, is preparing to spin off its international gold-mining operations in Hong Kong through a public listing that could raise more than $3 billion. If successful, it would mark the biggest IPO raise since Contemporary Amperex Technology Ltd's $5.3 billion deal in…

Benzinga

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World's largest 3D printer maker discusses tariff impact on its buisness, passing costs on to customers — Creality is the first consumer 3D printer maker to IPO

A draft of Creality’s IPO shows the receipts

Tom’s Hardware

PDD Holdings Rockets, Analog Devices Strengthens, Fomento Económico Re-Rated, Parker Grows: Fundamental Shifts Signal New Market Momentum

While daily stock price moves tend to dominate headlines, shifts in fundamental ranking scores can often tell a deeper story about a company’s trajectory. This week, Benzinga’s proprietary Growth, Value, Quality and Momentum data revealed major swings among several popular stocks, from e-commerce to semiconductors.

Benzinga

Deal Dispatch: PepsiCo, Sycamore, Dr. Phil, SSENSE, Bain's Chindata Lead M&A, Bankruptcy Moves

For the previous edition of Deal Dispatch, click here.

Benzinga

Archer, Joby Upstaged By Chinese, Brazilian Rivals In Battle For Future Of Flight

The electric vertical takeoff and landing (eVTOL) race is shifting fast, and the skies don't look friendly for U.S. hopefuls Joby Aviation Inc (NYSE:JOBY) and Archer Aviation Inc (NYSE:ACHR). Instead, the spotlight is firmly on China's EHang Holdings Ltd (NASDAQ:EH) and Brazil's Eve Holding Inc (NYSE:EVEX), aka Eve Air Mobility,…

Benzinga

Bilibili CEO Highlights Expanding User Base, Says Premium Content Key To Deeper Engagement

Bilibili Inc. (NASDAQ:BILI) reported fiscal second-quarter results that topped earnings expectations and highlighted solid growth across core revenue streams.

Benzinga

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Tom’s Hardware

BitFuFu Net Income Soars 3,441% As CEO Leo Lu Cites Cloud Mining As Key Growth Driver

BitFuFu Inc(NASDAQ:FUFU) has reported second-quarter net income of $47.1 million, a 3,441% year-over-year increase, as demand for cloud mining accelerated.

Benzinga

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The Guardian - UK

Shein looks at moving back to China for Hong Kong listing after London IPO stalls

Fashion retailer considered £50bn float in London but has not received backing from Chinese authorities

The Guardian - UK

Online fashion retailer Shein’s UK sales leap by a third to more than £2bn

Profits rise 56% to £38.2m in 2024 as company overtakes British rival Boohoo and closes in on Asos

The Independent UK

Shein profits surge following record sales in UK

Known for heavily discounted prices, the fast fashion brand uses constant promotions and rewards to encourage sales

Evening Standard

Shein’s UK sales surge 32% higher amid stock market float plans

Shein said it benefited from the opening of two new offices in Kings Cross and Manchester and the launch of a pop-up shop in Liverpool.

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Benzinga

JD.com's Investments Pay Off With Massive Jump In New Business Revenue

China-based JD.com (NASDAQ: JD) reported fiscal second-quarter results on Thursday.

Caixin Global

Alibaba’s Freshippo to Shut Last X Member Store in Strategic Revamp

Chinese warehouse stores have struggled to break into the membership-based, bulk-buying format

Benzinga

Yum China Posts Record Q2 Margins, Alibaba Veteran Joins Board

Yum China Holdings, Inc. (NYSE:YUMC) reported second-quarter adjusted earnings per share of 58 cents, beating the analyst consensus estimate of 57 cents.

Tom’s Guide

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Use one of these AliExpress coupon codes to save on everything from tech to homeware, appliances & more.

AAP

Kmart accused of misleading over slave labour supplies

An Australian-based Uyghur group is taking Kmart to court, alleging it sourced stock using slave labour while marketing itself as an ethical business.

Forget Alexa or Gemini, Xiaomi's AI voice tech could be coming your way sooner than you think

Xiaomi targets automotive and smart home tasks with its new AI tech

Xiaomi has launched its second smart water tap this month – and it’s even better than the first

I think I know which one I prefer

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