Chinese Consumer Firms
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US Demand For Goods From 2 Chinese Firms Sends Air Cargo Rates Soaring
Temu sells clothing and housewares, and Shein has expanded to consumer electronics and kitchen items after starting with fast-fashion.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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This Chinese Firm Wants Candidates Who Don't Smoke, Drink, Eat Meat
A job posting by a Chinese company says that it is looking for a candidate who doesn't smoke, consume alcohol or eat meat.
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Apple Sets Up Online Store on China’s Social Media Platform WeChat
Tencent's WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the U.S. firm's retail channels in the world's second-largest economy.
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Chinese Province Summons Five E-Commerce Firms Over Livestreaming
A consumer protection organisation in China's Zhejiang Province on Thursday summoned five online platforms including Alibaba Group's Taobao, Pinduoduo and JD.com over livestreaming irregularities.
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Huawei Phone Prices Rise in China on Fears of Chip Shortage
Chinese consumers are rushing to buy smartphones from Huawei Technologies featuring its high-end Kirin chips, fearing curbs on the firm's access to US technology will soon cut off production of its premium handsets.
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Apple, Huawei Boost Market Share, as First-Quarter China Smartphone Shipments Fall: Canalys
Apple and Huawei each captured a higher share of China's smartphone market in the first quarter, according to data from research firm Canalys released on Friday.
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Coronavirus: Huawei, Chinese Chip Makers Keep Factories Humming Despite Outbreak
Some Chinese technology firms are continuing to manufacture parts and products despite government calls across various cities and provinces for work to be halted as Beijing seeks to stop the spread of the coronavirus ravaging the country.
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Huawei Unwanted: Asian Shops Shun Phone Trade-Ins on Google Suspension Worries
Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.
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Less Noodles, Beer And Movies? Clouds On Chinese Consumption Horizon
Official numbers may suggest a rosier 2017 for China, but the bottom lines of the country's top consumer firms - from brewers to noodle makers and cinema chains - paint a patchy picture of spending in the world's second-largest economy.
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Chinese Tech Firms Look to CES as a Launchpad for the US
Chinese firms have taken high-profile spots at the show, despite having little brand recognition in the US - a fact that they're trying to change.
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The Challenges Now For Paytm, Other Digital Wallets In India's Cash Mess
Paytm, backed by Chinese Internet giant Alibaba Group Holding Ltd, has added 700 sales representatives since Nov. 8, taking its number of agents to 5,000.
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Wipro Consumer Care To Acquire Chinese FMCG Firm
Wipro Singapore Pte Ltd, a part of Wipro Consumer Care and Lighting, on Thursday said it will acquire 100 per cent stake in Zhongshan Ma Er Daily Products, a Chinese FMCG firm, in an all-cash deal.
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Xiaomi To Bring Crowdfunding Platform To India
Chinese tech firm Xiaomi may soon bring its 'crowdfunding' platform to India that will help start-ups working on consumer electronics to sell their wares through the medium.
-
US Demand For Goods From 2 Chinese Firms Sends Air Cargo Rates Soaring
Temu sells clothing and housewares, and Shein has expanded to consumer electronics and kitchen items after starting with fast-fashion.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
This Chinese Firm Wants Candidates Who Don't Smoke, Drink, Eat Meat
A job posting by a Chinese company says that it is looking for a candidate who doesn't smoke, consume alcohol or eat meat.
-
Apple Sets Up Online Store on China’s Social Media Platform WeChat
Tencent's WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the U.S. firm's retail channels in the world's second-largest economy.
-
Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
-
Chinese Province Summons Five E-Commerce Firms Over Livestreaming
A consumer protection organisation in China's Zhejiang Province on Thursday summoned five online platforms including Alibaba Group's Taobao, Pinduoduo and JD.com over livestreaming irregularities.
-
Huawei Phone Prices Rise in China on Fears of Chip Shortage
Chinese consumers are rushing to buy smartphones from Huawei Technologies featuring its high-end Kirin chips, fearing curbs on the firm's access to US technology will soon cut off production of its premium handsets.
-
Apple, Huawei Boost Market Share, as First-Quarter China Smartphone Shipments Fall: Canalys
Apple and Huawei each captured a higher share of China's smartphone market in the first quarter, according to data from research firm Canalys released on Friday.
-
Coronavirus: Huawei, Chinese Chip Makers Keep Factories Humming Despite Outbreak
Some Chinese technology firms are continuing to manufacture parts and products despite government calls across various cities and provinces for work to be halted as Beijing seeks to stop the spread of the coronavirus ravaging the country.
-
Huawei Unwanted: Asian Shops Shun Phone Trade-Ins on Google Suspension Worries
Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.
-
Less Noodles, Beer And Movies? Clouds On Chinese Consumption Horizon
Official numbers may suggest a rosier 2017 for China, but the bottom lines of the country's top consumer firms - from brewers to noodle makers and cinema chains - paint a patchy picture of spending in the world's second-largest economy.
-
Chinese Tech Firms Look to CES as a Launchpad for the US
Chinese firms have taken high-profile spots at the show, despite having little brand recognition in the US - a fact that they're trying to change.
-
The Challenges Now For Paytm, Other Digital Wallets In India's Cash Mess
Paytm, backed by Chinese Internet giant Alibaba Group Holding Ltd, has added 700 sales representatives since Nov. 8, taking its number of agents to 5,000.
-
Wipro Consumer Care To Acquire Chinese FMCG Firm
Wipro Singapore Pte Ltd, a part of Wipro Consumer Care and Lighting, on Thursday said it will acquire 100 per cent stake in Zhongshan Ma Er Daily Products, a Chinese FMCG firm, in an all-cash deal.
-
Xiaomi To Bring Crowdfunding Platform To India
Chinese tech firm Xiaomi may soon bring its 'crowdfunding' platform to India that will help start-ups working on consumer electronics to sell their wares through the medium.
