Alibaba’s Shares Skyrocket as Investment in AI and Cloud Technology Pays Off Alibaba, the Chinese e-commerce giant, has been making headlines recently as its shares soar due to its strategic investment in artificial intelligence (AI) and cloud technology. The company’s decision to invest in proprietary AI hardware is not only aimed at reducing its reliance […]
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
Forever 21 Looks to Resurrect China, North America Businesses With New Partners Forever 21, the fast-fashion giant, is gearing up for a major comeback as it sets its sights on re-entering the lucrative Chinese market for the fourth time. This ambitious move comes as the brand strives to localize its operations and capture the attention […]
Nvidia develops new AI chip for China amid US export controls
Nvidia’s New AI Chip for China: Breaking Barriers Amid US Export Controls In a bold move to navigate the complex web of US export controls, Nvidia is set to unveil its latest innovation in the realm of artificial intelligence. The tech giant is gearing up to release the highly anticipated B30A chip, which is poised […]
Nvidia prepares new AI chip for China amid Washington’s hesitation
Nvidia’s Bold Move: Introducing the New B30A AI Chip for the Chinese Market _____________________________________________________________________________________ As the global technology landscape continues to shift and evolve, Nvidia, one of the leading chip makers in the world, is making waves with its latest development. The company is currently in the process of creating the new B30A AI chip […]
Watchmaker Swatch Apologises for ‘Slanted Eye’ Ad after Online Backlash in China
Watchmaker Swatch Faces Backlash in China Over Controversial Ad Swiss watchmaker Swatch recently found itself in hot water after releasing an advertisement that sparked outrage among Chinese consumers. The ad in question featured a model wearing one of Swatch’s latest timepieces, accompanied by the slogan “Time for a new look.” However, it was the visual […]
Zegna Posts 2.6% Revenue Drop
Zegna Posts 2.6% Revenue Drop Italian luxury fashion house Ermenegildo Zegna Group recently reported a 2.6% decrease in revenue, citing challenges in its wholesale channel and specific brands like Thom Browne, along with a softening in the Chinese market. While the luxury sector has been facing uncertainties and shifts in consumer behavior, these factors have […]
Huawei challenges Nvidia with AI super server
Huawei Challenges Nvidia with AI Super Server The AI server race is heating up as Huawei makes a bold move to counter US chip export restrictions. With the tech giant facing challenges in sourcing cutting-edge chips due to political tensions, it has set its sights on developing its AI super server to rival industry leader […]
Worldview | Shein Redirects Listing Plans to Hong Kong
Shein Shifts Listing Plans to Hong Kong Amid Global Market News In the ever-changing landscape of global fashion markets, strategic decisions can make or break a brand’s trajectory. This week, all eyes are on Shein as the fast-fashion giant redirects its listing plans to Hong Kong, a move that has sparked discussions and speculation within […]
Bargaining ‘chips’ on the table? NVIDIA CEO visits Beijing amid US tech curbs
Bargaining ‘Chips’ on the Table? NVIDIA CEO Visits Beijing Amid US Tech Curbs In a move that could raise eyebrows, NVIDIA CEO Jensen Huang on Thursday visited Beijing, a significant gesture amidst the escalating tensions between the United States and China in the tech sector. The trip comes as the semiconductor giant is in the […]
Zegna Group Profits Decline 30 Percent
Zegna Group Profits Decline 30 Percent Luxury fashion house Ermenegildo Zegna Group recently released its financial report for 2024, revealing a 31 percent decline in profits to €91 million ($98 million). This significant decrease in earnings has been attributed to various factors, including a notable slowdown in the Chinese market and a weaker wholesale performance, […]