3 h. ago TikTok’s sister app Douyin courts merchants with lower deposit fees

TikTok owner ByteDance, whose Douyin short video app has emerged as a popular e-commerce shopping platform in China, will cut the guarantee deposit payable by merchants, in a move designed to keep existing sellers and lure new ones amid fierce competition. The deposit, held by the platform on behalf of sellers to cover potential costs such as refunds or penalties, would be capped at 5,000 yuan (US$695), a fraction of the previous maximum of 500,000 yuan. As a result, the deposit payable by...

Events

5 h. ago Trump cannot hope to solve a China ‘problem’ he has misdiagnosed

Amid a US-China trade truce, negotiators in London reached a “framework” agreement to activate the Geneva deal, raising hopes for an immediate alleviation of the trade conflict, including potentially a US commitment to revoke some of its tech embargoes in return for China’s relaxation of rare earth export restrictions. The full details of the London agreement are expected to be available after both US President Donald Trump and President Xi Jinping have approved it. The two-day London...

Politics

6 h. ago Trump's China trade 'deal' returns the U.S. right back to where it started

Trump's China trade 'deal' returns the U.S. right back to where it started  MSNBC News

Politics

7 h. ago US, China trade truce: Beijing affirms pact, says both must abide by deal

US, China trade truce: Beijing affirms pact, says both must abide by deal  The Economic Times

Economics

10 h. ago Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff

Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff  TechRepublic

Politics

11 h. ago China strikes cautious tone after Trump claims trade deal is 'done'

China strikes cautious tone after Trump claims trade deal is 'done'  Sky News

Politics

13 h. ago What Trump really means when he says ‘our deal with China is done’

What Trump really means when he says ‘our deal with China is done’  CNN

Politics

15 h. ago ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

Social media giant ByteDance is helping the 177-year-old Chinese jewellery company Lao Feng Xiang develop a new generation of smart glasses, powered by artificial intelligence (AI), that feature real-time voice navigation and translation functions. Lao Feng Xiang debuted their initial line of wearable gadgets at Wednesday’s opening of the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare, the world’s biggest senior care expo, that is being held in the company’s home...

Politics

16 h. ago Japan ‘selfie grandma’, Kimiko Nishimoto, dies at 97, famous for quirky photos

A woman known as Japan’s selfie grandma who redefined ageing with her quirky self-portraits, has died, aged 97. Despite taking up photography late in life, nonagenarian Kimiko Nishimoto started learning the skill at the age of 72. She showed an uncanny ability to entertain and delight with her images. She held her first solo exhibition in 2011 and published her first book of photos in 2016. After joining social media in 2018, she quickly gained more than 400,000 followers. Nishimoto was born in...

Events

17 h. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

17 h. ago Ant International and Ant Digital to seek stablecoin licences in Hong Kong

Singapore-based Ant International and the Hangzhou-based Ant Digital, two affiliates of Chinese tech giant Ant Group, have announced plans to apply for stablecoin issuer licences in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies takes effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International, a spin-off of Ant’s global operations, said in a statement on...

Politics

18 h. ago Oil Prices Retreat. Investors Weigh Up China Deal and Middle East Tensions.

Oil Prices Retreat. Investors Weigh Up China Deal and Middle East Tensions.  Barron's

Economics

18 h. ago Trump’s ‘done deal’ with China just brings tariffs back to Liberation Day levels

Trump’s ‘done deal’ with China just brings tariffs back to Liberation Day levels  Fortune

Politics

18 h. ago Nvidia bets on European AI push amid shrinking China revenue

Nvidia is trying to woo European markets with new partnerships and a pledge to build 20 new artificial intelligence (AI) factories across the continent, as the US chip giant grapples with declining sales in China amid Washington’s tightening export controls. CEO Jensen Huang, speaking at the annual VivaTech conference in Paris on Wednesday, said the company was building the world’s first “industrial artificial intelligence cloud” for European manufacturers. The Germany-based facility, a key part...

Politics

18 h. ago China affirms trade deal with US, says it always keeps its word

China affirms trade deal with US, says it always keeps its word  CNA

Economics

19 h. ago Trump touts ‘done’ deal with Beijing on rare earth minerals, Chinese students

Trump touts ‘done’ deal with Beijing on rare earth minerals, Chinese students  PTV News

Politics

22 h. ago Jack Ma replies to Alibaba employee’s letter lamenting ‘company disease’

Jack Ma, founder of Alibaba Group Holding, responded to the resignation letter of a long-term employee on Tuesday, a rare move for the tech veteran who stepped back from all corporate roles in 2019. In a response published on Alibaba’s internal website, Ma addressed the concerns raised by a 15-year employee, who criticised the “big company disease” afflicting the Chinese e-commerce giant in an extensive internal letter. The employee, a product development leader on the team responsible for...

Politics

24 h. ago China Gets First Private Builder Dollar Bond Offering Since 2023

China Gets First Private Builder Dollar Bond Offering Since 2023  Bloomberg

Politics

24 h. ago US President Donald Trump says rare earths deal 'done' with China

US President Donald Trump says rare earths deal 'done' with China  BBC

Politics

25 h. ago Donald Trump's BIG announcement on trade deal with China, Beijing to supply THESE rare...

Donald Trump's BIG announcement on trade deal with China, Beijing to supply THESE rare...  DNA India

Politics