A man in China who went through many hardships to reunite with his family 34 years after he was abducted has announced a tragic rupture with them one year after the reunion. Yu Baobao, 37, said on his social media account, which has 326,000 followers, that he had severed ties with his birth family because…
The European Union has launched an investigation into Chinese online marketplace Temu, under suspicions that it is not cracking down on the sale of illegal products and that the platform’s design is “addictive” for users. The investigation comes under the European Commission’s Digital Services Act, a powerful instrument that gives it sweeping powers over online…
Mobile apps have become crucial for retailers looking to adapt to changing consumer demands. A recent consumer survey of 1,516 Americans across three age groups sheds light on their shopping habits and their perception of retailer applications. The results indicate high adoption of mobile technology in-store and reveal what exactly consumers expect from a good…
The blistering rally in Chinese equities has catapulted nine of the nation’s tycoons back into the ranks of the world’s wealthiest. There were 55 Chinese business people included in the 500-member Bloomberg Billionaires Index as of the end of Tuesday. That compares with 46 on Sept. 23, just before the surge in China-linked stocks was…
China’s largest technology companies are returning more of their cash to shareholders than ever before, as they continue to ramp up buybacks to support their flagging stocks. Repurchases of shares listed in Hong Kong have reached HK$187 billion ($24 billion) so far in 2024, already surpassing last year’s record total, according to data compiled by…