Temu tops 2024 Apple App Store downloads, surpassing TikTok and ChatGPT in popularity. The Chinese e-commerce app offers big discounts on a wide range of products. Americans appear to be exploring budget-friendly options through in-app deals. The App Store favorites of 2024 include social media platforms and one popular AI assistant, but the most downloaded…
China stocks, including Alibaba (BABA), JD.com (JD), NIO (NIO), PDD Holdings (PDD), and Xpeng (XPEV), rise after officials indicated a shift in economic policy. The country says it will embrace a “moderately loose” monetary policy and take a “more proactive” approach to fiscal stimulus policy before President-elect Donald Trump’s return to the White House. KraneShares…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
JAKARTA (Reuters) – Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday. The move was intended to pre-emptively protect the country’s small and medium-sized businesses against cheap products being offered by PDD…
Another day and more news about Chinese stocks. The group ripped higher after Chinese leaders pledged further support for the Chinese economy following an unexpected meeting Thursday. Shares of the fast food company Yum China (NYSE: YUMC) surged as much as 20% this morning before giving away some of those gains. Meanwhile, shares of the e-commerce…