Crocs Inc. Sales Rise Thanks to China and North America Crocs Inc., the iconic footwear company known for its comfortable clogs, has been making significant strides in its sales performance, particularly in the key markets of China and North America. The company’s latest financial report indicates a notable increase in revenue, thanks to a surge […]
China faces a decline in chip equipment spending
China Faces a Decline in Chip Equipment Spending In recent years, China has been at the forefront of technological advancements, particularly in the semiconductor industry. However, the country is now facing a significant challenge as it experiences a decline in chip equipment spending. This downturn can be attributed to a combination of factors, including overcapacity […]
Apple chooses Alibaba as AI partner for China
Apple Chooses Alibaba as AI Partner for China In a strategic move aimed at solidifying its presence in the competitive Chinese market, tech giant Apple has forged a groundbreaking partnership with Alibaba. The collaboration between these two tech powerhouses marks a significant development in the realm of artificial intelligence (AI) and is set to revolutionize […]
Jerome Powell confirms US will not issue CBDC under his leadership
Jerome Powell Confirms US Will Not Issue CBDC Under His Leadership In a recent announcement, Jerome Powell, the Chairman of the Federal Reserve, has made it clear that the United States will not be issuing a Central Bank Digital Currency (CBDC) during his tenure. This decision comes as a confirmation of Powell’s stance on the […]
China tops global data breach rankings in 2024, experts warn
China Tops Global Data Breach Rankings in 2024: A Cause for Concern In a digital age where data is the new currency, the security of sensitive information has never been more critical. A recent report by Surfshark, a leading cybersecurity company, has sent shockwaves through the global tech community by revealing that China has emerged […]
China’s growing space influence in Africa
China’s Growing Space Influence in Africa Cairo’s pioneering space lab marks a shift in the global space race and Sino-African relations. The ambitious project signifies China’s increasing influence in Africa’s space exploration sector, showcasing a strategic partnership that has the potential to reshape the future of technological advancements on the continent. In recent years, China […]
The BoF Podcast | Why India Will Not Be The Next China for Luxury
The BoF Podcast | Discussing Why India Will Not Be The Next China for Luxury In a recent installment of The Business of Fashion (BoF) Podcast, Ravi Thakran offered a compelling analysis on why India is unlikely to replicate China’s trajectory in the luxury market. This insightful conversation, which took place at BoF VOICES 2024, […]
China looks to build consensus on AI at Global Summit
China Looks to Build Consensus on AI at Global Summit The world of artificial intelligence is rapidly expanding, with new innovations and technologies pushing boundaries like never before. As AI becomes more prevalent in our daily lives, the need for global governance and consensus on its development and implementation has become increasingly apparent. Recently, Vice […]
Sberbank to collaborate with China on AI projects
Sberbank and China Join Forces to Advance Cost-Effective AI Solutions Amid Geopolitical Tensions In a bold move that could potentially reshape the landscape of artificial intelligence (AI) development, Sberbank, Russia’s largest bank, has announced a groundbreaking collaboration with China. The partnership aims to advance the development of cost-effective AI solutions, a crucial step in the […]
L’Oréal Sales Miss Estimates as China Demand Remains Weak
L’Oréal Sales Miss Estimates as China Demand Remains Weak French cosmetics giant L’Oréal recently faced a setback as its sales growth fell short of expectations, registering a mere 2.5 percent increase. The underperformance was primarily attributed to softened demand in the US market, further exacerbated by the persistent sluggishness in China, ultimately dragging down the […]