Chris Liu
The Latest
-
Tata Group to Propel Apple's iPhone Production in India with New Assembly Plant
Apple Inc.'s strategy to diversify its manufacturing base and reduce its reliance on China is receiving a significant boost, thanks to Tata Group's initiative to set up a new iPhone assembly unit in India. According to a report by Bloomberg, which cited unnamed sources, the Indian multinational conglomerate plans to establish the factory in Tamil Nadu, a southern state in India. 
Apple Inc.'s strategy to diversify its manufacturing base and reduce its reliance on China is receiving a significant boost, thanks to Tata Group's initiative to set up a new iPhone assembly unit in India. According to a report by Bloomberg, which cited unnamed sources, the Indian multinational conglomerate plans to establish the factory in Tamil Nadu, a southern state in India. -
ByteDance Initiates $5 Billion Share Buyback Amidst Expanding Cash Reserves
ByteDance, the parent company of the globally popular app TikTok, has embarked on a significant financial maneuver by offering a share buyback plan worth around $5 billion. 
ByteDance, the parent company of the globally popular app TikTok, has embarked on a significant financial maneuver by offering a share buyback plan worth around $5 billion. -
Volkswagen's Xinjiang Audit Reveals No Forced Labor, Amid Global Scrutiny
Volkswagen announced that an independent audit of its joint venture site in Xinjiang, China, conducted by the German firm Loening Human Rights & Responsible Business GmbH, found no signs of forced labor. This outcome emerges amidst heightened global concern over alleged human rights abuses in the region. 
Volkswagen announced that an independent audit of its joint venture site in Xinjiang, China, conducted by the German firm Loening Human Rights & Responsible Business GmbH, found no signs of forced labor. This outcome emerges amidst heightened global concern over alleged human rights abuses in the region. -
Extreme Weather Halts iPhone Production at Foxconn, Pegatron in India
Taiwanese manufacturers Foxconn and Pegatron have paused operations at their facilities near Chennai, India, due to severe weather conditions. 
Taiwanese manufacturers Foxconn and Pegatron have paused operations at their facilities near Chennai, India, due to severe weather conditions. -
OpenAI's Strategic Delay of Custom GPT Store Launch Till 2024 Amid Leadership Shuffle
This delay follows the brief dismissal and subsequent reinstatement of CEO Sam Altman, reflecting the company's focus on refining its AI models in response to customer feedback. 
This delay follows the brief dismissal and subsequent reinstatement of CEO Sam Altman, reflecting the company's focus on refining its AI models in response to customer feedback. -
Pinduoduo Surpasses Alibaba in Market Value: A New Era in Chinese E-commerce
In a significant shift in the Chinese e-commerce landscape, Pinduoduo briefly surpassed Alibaba in market value on the evening of November 29, reaching $192 billion compared to Alibaba's $191.5 billion. 
In a significant shift in the Chinese e-commerce landscape, Pinduoduo briefly surpassed Alibaba in market value on the evening of November 29, reaching $192 billion compared to Alibaba's $191.5 billion. -
Beijing Internet Court Rules on Landmark AI-Generated Image Copyright Case
Recently, the Beijing Internet Court issued a first-instance judgment in a dispute over copyright infringement involving an AI-generated image. This case has garnered significant attention as it's the first of its kind in China's AI-generated image copyright field. 
Recently, the Beijing Internet Court issued a first-instance judgment in a dispute over copyright infringement involving an AI-generated image. This case has garnered significant attention as it's the first of its kind in China's AI-generated image copyright field. -
Huawei Sells Major Stake in New Smart Car Venture for $35 Billion: Report
Huawei Technologies is preparing to divest up to 40% of its shares in its newly established smart car software and components firm. 
Huawei Technologies is preparing to divest up to 40% of its shares in its newly established smart car software and components firm. -
ByteDance Scales Back Ambitions in Gaming, Reflecting a Shift in Strategy
ByteDance's belief in achieving miracles through significant efforts seems to falter outside of social media and e-commerce, suggesting that no giant can dominate every business sector. ByteDance's belief in achieving miracles through significant efforts seems to falter outside of social media and e-commerce, suggesting that no giant can dominate every business sector. -
PDD Holdings' Revenue Surges as Temu Drives Growth in E-commerce Market
The surge, marking a nearly 14% increase in premarket trading of its U.S.-listed shares, is attributed to the aggressive discounting strategy and the growing popularity of Temu, its international e-commerce arm. 
The surge, marking a nearly 14% increase in premarket trading of its U.S.-listed shares, is attributed to the aggressive discounting strategy and the growing popularity of Temu, its international e-commerce arm.
