A long value chain struggle: Moving hard tech jobs back to US and Europe won’t be easy or cheap
Bringing manufacturing back to the US or Europe is more complex than it seems and is expected to be a long value chain struggle.
PDD posts higher revenue in Q3, says Temu will strive to create ‘unique value’
PDD Holdings, the owner of the Pinduoduo and Temu e-commerce platforms, reported higher revenue in the third quarter and said it will increase spending on research and development to enhance its core capabilities. The Nasdaq-listed company reported total quarterly revenues of RMB 35.5 billion ($4.99 billion), up 65% from last year, while operating profit was…
Chinese internet giants turn to philanthropy under economic downturn, but it’s not just a number’s game
Every September, Chinese tech majors kickstart a series of charity events, such as Alibaba’s Sept. 5 Charity Week and Tencent’s Sept. 9 Giving Day. Since this tradition of “charity month” in China was pioneered eight years ago by Tencent, these peer-to-peer fundraising campaigns have become the primary way that the general public in China gets…
Will battle for US consumer wallets intensify with latest contender Temu?
Discount retail market in the US heats up as Pinduoduo’s Temu enters. Temu is owned by the Nasdaq-listed PDD Holdings.
How can brands use NFTs in marketing?
Editor’s note: Two years ago, the term “NFT” would have elicited a confused look from all but the most dedicated crypto or Web3 enthusiasts. Today, it is very much a part of the mainstream marketing lexicon, with everyone from Taco Bell to Tiffany jumping aboard the non-fungible token bandwagon. But in a world where The…
SILICON | Why is China investigating the state-backed semiconductor “Big Fund”?
China’s semiconductor Big Fund has been instrumental in nurturing homegrown chipmakers, but some of the fund’s leading figures have been under state investigation since mid-July.
SILICON | How Shanghai’s semiconductor industry is coping with lockdown
Shanghai is an important center for the semiconductor industry in China holding a complete supply chain of design, fabrication, and ATP.
Digital policy experts weigh in on China’s new algorithm regulation
China’s algorithm regulation deals with algorithm-powered recommendations that lie at the core of the business model of many of the country’s popular internet services.
SILICON | Is rising salary a good thing for China’s chip industry?
The upward trend in salary is a good thing for China’s chip industry to attract more talent, but it needs to be managed.
What can Europe learn from China’s live e-commerce boom?
European brands jumped on China’s live e-commerce bandwagon early on back in 2016. Now, fueled by the pandemic, European companies are embracing livestreaming as they target online European shoppers.
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