Ethan Zhao
Senior Reporter
The Latest
-
Temu's Rapid Ascent: Overtaking Shein in U.S. Market with Aggressive Expansion and Pricing
In just a year, Pinduoduo's cross-border e-commerce business, Temu, has gone from being virtually unknown at its launch to overtaking Shein, which has been in operation for over a decade. 
In just a year, Pinduoduo's cross-border e-commerce business, Temu, has gone from being virtually unknown at its launch to overtaking Shein, which has been in operation for over a decade. -
Foxconn's Industrial Fortune Union Faces Scrutiny: Market Value Drops by $7.5 Billion Amid Tax Concerns
Following a sharp decline in stock price on October 23, the stock continued to fall by 5.43% on October 24, closing at 13.76 yuan/share. Over the past two trading days, the company's market value has evaporated by approximately 48 billion yuan. On October 25, the stock opened slightly higher but continued its downward trend. 
Following a sharp decline in stock price on October 23, the stock continued to fall by 5.43% on October 24, closing at 13.76 yuan/share. Over the past two trading days, the company's market value has evaporated by approximately 48 billion yuan. On October 25, the stock opened slightly higher but continued its downward trend. -
Foxconn Investigations and GroupM Raids: Navigating China's Murky Business Waters
In a rapidly evolving Chinese regulatory landscape, foreign firms, from tech behemoths to advertising agencies, are treading cautiously amidst increased scrutiny and probes. 
In a rapidly evolving Chinese regulatory landscape, foreign firms, from tech behemoths to advertising agencies, are treading cautiously amidst increased scrutiny and probes. -
Foxconn Faces Tax and Land Use Inspections Amidst Founder's Political Ambitions
Foxconn, the Taiwan-based tech behemoth known for manufacturing Apple products, including iPhones, has come under the scrutiny of Chinese mainland tax authorities. The company is currently undergoing tax inspections in several provinces, including Guangdong and Jiangsu. Additionally, the natural resources department is investigating the land use of key Foxconn enterprises in Henan and Hubei provinces. 
Foxconn, the Taiwan-based tech behemoth known for manufacturing Apple products, including iPhones, has come under the scrutiny of Chinese mainland tax authorities. The company is currently undergoing tax inspections in several provinces, including Guangdong and Jiangsu. Additionally, the natural resources department is investigating the land use of key Foxconn enterprises in Henan and Hubei provinces. -
U.S. and Europe at Odds Over Israeli Ground Offensive Amid Palestinian Conflict
Starting Thursday, Israel's Prime Minister, Defense Minister, and military commanders hinted at a "soon-to-come" ground offensive in Gaza. On Friday, Israeli Defense Minister Gantz unveiled a three-phase plan for military operations in Gaza. 
Starting Thursday, Israel's Prime Minister, Defense Minister, and military commanders hinted at a "soon-to-come" ground offensive in Gaza. On Friday, Israeli Defense Minister Gantz unveiled a three-phase plan for military operations in Gaza. -
OpenAI in Talks to Sell Shares at $86 Billion Valuation: A Boon for Long-Term Employees or a Strategic Shift?
OpenAI is reportedly in talks to allow current employees to sell their shares at an estimated valuation of $86 billion. However, OpenAI hasn't finalized the allocation details, and the terms might change. 
OpenAI is reportedly in talks to allow current employees to sell their shares at an estimated valuation of $86 billion. However, OpenAI hasn't finalized the allocation details, and the terms might change. -
Turbulence in China’s Real Estate: Country Garden Faces Payment Delays and Stalled Overseas Ventures
In a new twist to China's tumultuous real estate sector, leading property developer Country Garden has failed to make a $15 million coupon repayment. This lapse has raised alarms, with sources revealing that bondholders, anxious about potential defaults, are now pushing for immediate discussions with the developer. 
In a new twist to China's tumultuous real estate sector, leading property developer Country Garden has failed to make a $15 million coupon repayment. This lapse has raised alarms, with sources revealing that bondholders, anxious about potential defaults, are now pushing for immediate discussions with the developer. -
China's Q3 GDP Surges to 4.9%, Outpacing Market Predictions
China's economic performance in the third quarter of 2023 has surpassed market expectations, with a robust 4.9% growth year-on-year, according to data released by China's National Bureau of Statistics. This growth rate, which outpaces the anticipated 4.6% as per a Reuters poll, has ignited optimism that the world's second-largest economy is on track to achieve Beijing's annual target. 
China's economic performance in the third quarter of 2023 has surpassed market expectations, with a robust 4.9% growth year-on-year, according to data released by China's National Bureau of Statistics. This growth rate, which outpaces the anticipated 4.6% as per a Reuters poll, has ignited optimism that the world's second-largest economy is on track to achieve Beijing's annual target. -
UK Eyes Strengthened Economic Ties with China: Key Trade Talks on the Horizon?
Last November, UK Prime Minister Sunak delivered his inaugural foreign policy speech, asserting that the "golden era" of UK-China relations had come to an end. He criticized the strategies of previous UK governments towards China and firmly opposed a short-term gains approach in policies concerning China. 
Last November, UK Prime Minister Sunak delivered his inaugural foreign policy speech, asserting that the "golden era" of UK-China relations had come to an end. He criticized the strategies of previous UK governments towards China and firmly opposed a short-term gains approach in policies concerning China. -
China Tightens Overseas Travel Restrictions for Bankers and State Workers Amid Foreign Influence Concerns
China has significantly tightened restrictions on overseas travel for its civil servants and employees of state-linked enterprises. This decision, which is not related to the ongoing COVID-19 pandemic, is based on official notices and insights from over a dozen individuals familiar with the situation. 
China has significantly tightened restrictions on overseas travel for its civil servants and employees of state-linked enterprises. This decision, which is not related to the ongoing COVID-19 pandemic, is based on official notices and insights from over a dozen individuals familiar with the situation.
