2021: 10 Chinese tech moguls lose nearly $80 billion
Besides the real estate sector, 2021 has also been an overwhelming year for Chinese tech companies. On Dec. 29, Bloomberg reported that the total net worth of China's top 10 technology tycoons fell by nearly $80 billion, almost a quarter of their total assets. Colin Huang, the founder of the e-commerce company Pinduoduo, ...
US Customs seizes $30 million in counterfeit goods from China
The U.S. Customs and Border Protection (CBP) said on Dec. 2 that it had seized counterfeit designer products worth more than 30 million U.S. Dollars. The goods purported themselves of those luxury brands like Gucci, Chanel, and Louis Vuitton. The CBP said all sourced from a Chinese shipment in a news ...
Amazon openly backs employee marijuana use and legalization of the drug
E-commerce and technology giant Amazon, as reported in an official statement, is supporting new federal legislation to legalize marijuana and has pledged not to test some of its workers for certain drugs. In a posting on its website Tuesday, June 1, addressed primarily to its employees, Amazon Consumer Chief Dave Clark ...
President Trump heralds holiday retail sales growth, congratulates America
U.S. holiday shopping season got a boost from record online sales, and President Donald Trump took the chance to congratulate the nation on Christmas Day. “2019 HOLIDAY RETAIL SALES WERE UP 3.4% FROM LAST YEAR, THE BIGGEST NUMBER IN U.S. HISTORY. CONGRATULATIONS AMERICA!” the president tweeted on Wednesday, Dec. 25. 2019 HOLIDAY ...
US, China may cross swords on e-commerce at WTO
As trade war goes on, China joins WTO talks on e-commerce but conflicts expected
E-commerce growing among internet savvy Indonesians
But rapid growth has led to calls for government regulation of the sector
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