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Making fun of men in China comes at a cost

Livemint

Livemint · 9m ago

Making fun of men in China comes at a cost

Chinese e-commerce giant JD.com recently severed ties with female comedian Yang Li after a promotional campaign triggered a backlash from male customers. The controversy highlights the growing gender strife in China as women push back against traditional expectations. Content featuring strong women figures has become popular but also the target of attacks. Women make up 42% of JD.com's shoppers, and the company had been using marketing campaigns to attract more female shoppers. However, the recent backlash shows the potential risks of gender-related content in the Chinese market.

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Tesla CEO Elon Musk's unannounced Beijing visit targets FSD approval

Livemint

Livemint · 1y ago

Tesla CEO Elon Musk's unannounced Beijing visit targets FSD approval

Tesla CEO Elon Musk made a surprise visit to Beijing, landing in China on a private jet. Musk aims to meet with senior Chinese officials to discuss the rollout of Tesla's Full-Self Driving (FSD) software in China and gain approval to transfer data collected in the country to train autonomous driving algorithms. The visit comes as Tesla faces increasing competition from Chinese automakers, prompting Musk to consider making FSD available to customers in China soon. Tesla has stored data collected from its Chinese fleet in Shanghai as mandated by Chinese regulators.

Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says

Economic Times

Economic Times · 4m ago

Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says

Chinese sellers on Amazon face challenges due to increased U.S. tariffs, announced by President Trump, escalating economic tensions. The head of China's largest e-commerce association, Wang Xin, indicates this is not just a tax issue, but a significant cost barrier, making U.S. market survival difficult. Consequently, Chinese sellers plan to hike prices or exit the market, potentially affecting small enterprises and manufacturers in China and increasing unemployment.

The chip wars are metastasizing

Livemint

Livemint · 1y ago

The chip wars are metastasizing

The increasing difficulty and cost of making semiconductor chips smaller has shifted the focus towards advanced packaging technologies. With the rise of artificial intelligence, the demand for efficient chip packaging is expected to grow, presenting opportunities for challengers like China. Taiwan Semiconductor Manufacturing Company (TSMC) plans to double the capacity of its advanced packaging technology called CoWoS, which combines logic and memory chips to improve performance. Other companies, such as Amkor Technology, are also investing in advanced packaging. China already dominates the chip-packaging market, but potential U.S. sanctions pose a risk to its market share.

Tesla is upgrading its Model Y's self-driving features in China amid fierce competition from BYD

Business Insider

Business Insider · 1y ago

Tesla is upgrading its Model Y's self-driving features in China amid fierce competition from BYD

Tesla is upgrading its Model Y in China, adding Hardware 4.0, a set of sensors, cameras, and an onboard computer to assist its Full Self-Driving (Beta) function. The upgrade is reportedly free of charge for local buyers and is aimed at enhancing autonomous features. Tesla is also introducing new color options for the Model Y in China. This move comes amid increased competition in China, as Chinese EV company BYD overtook Tesla as the world's largest EV maker in 2023. Tesla considers China a crucial market and has a gigafactory in Shanghai.

Goldman China Chief, E G Morse departs after 16 years

Livemint

Livemint · 1y ago

Goldman China Chief, E G Morse departs after 16 years

E.G. Morse, co-head of Goldman Sachs' China business, is retiring after 16 years at the firm. He joined the bank in 2008 and relocated to Shanghai from Singapore in 2022 to assist with expanding its presence in China. Morse's departure comes amidst a wave of exits in global investment banking in China, as geopolitical tensions and decreased dealmaking have prompted firms to reevaluate their strategies. JPMorgan Chase's head of China also recently announced his retirement. Additionally, Morse will step down as the head of the strategic client coverage group for Asia ex-Japan.

Apple aims to make a quarter of the world’s iPhones in India

Livemint

Livemint · 1y ago

Apple aims to make a quarter of the world’s iPhones in India

Apple and its suppliers have ambitious plans to produce over 50 million iPhones in India annually within the next few years, with the aim to account for a quarter of global iPhone production. The move comes as Apple seeks to diversify its supply chain away from China and reduce dependence on the country. The company believes that India's trust factor is high and is making progress in building a network of core suppliers in the country. While China will remain the largest iPhone producer, India is positioning itself as a significant manufacturing hub for the tech giant.

Men Overran a Job Fair for Women in Tech

Wired · 1y ago

Men Overran a Job Fair for Women in Tech

The annual Grace Hopper Celebration, a conference and career fair aimed at women and non-binary tech workers, was recently disrupted by a significant number of men who attended in search of job opportunities. The event, known as the largest gathering of women in tech, allows aspiring tech workers to network with industry professionals. However, the influx of men at this year's event has raised concerns about limited resources and the ongoing struggle for gender equity in the tech industry.

Decoding Economics: Will China’s 'overcapacity' lead to a flood of exports, hurting other countries?

Money Control

Money Control · 11m ago

Decoding Economics: Will China’s 'overcapacity' lead to a flood of exports, hurting other countries?

Production in China is facing overcapacity, leading to concerns of low-cost exports flooding global markets and negatively impacting other countries' businesses. The excess production is expected to be a result of weak domestic demand in China. The geopolitical tensions between the US and China add another layer of complexity to the situation, with the US and its allies viewing China as a potential threat to their global dominance.

5 charged in “Scattered Spider,” one of the most profitable phishing scams ever

Arstechnica

Arstechnica · 8m ago

5 charged in “Scattered Spider,” one of the most profitable phishing scams ever

Federal prosecutors have charged five men for running a phishing scheme that compromised hundreds of companies, stole non-public information, and millions of dollars in cryptocurrency. The group, known as Scattered Spider, was responsible for a major breach at MGM that cost the company $100 million. They also hacked into the network of authentication provider Twilio, giving them access to other targeted companies. The phishing attacks were sophisticated and difficult to detect. The defendants face multiple charges and could face up to 20 years in prison if convicted. This case highlights the increasing sophistication of phishing and hacking attacks.

Why Taiwan's Foxconn, an iPhone supplier, is investing in Texas and Thailand

Economic Times

Economic Times · 8m ago

Why Taiwan's Foxconn, an iPhone supplier, is investing in Texas and Thailand

Taiwanese electronics manufacturer Foxconn is expanding its operations outside of China by investing millions of dollars in factories and land in countries like India, Mexico, and Thailand. This move is aimed at reducing their dependence on China and preparing for potential tariffs imposed by President-elect Donald Trump. Foxconn's global expansion would help insulate the company from the impact of these tariffs. However, replicating its manufacturing model outside of China could prove challenging, as the country has provided years of government-backed infrastructure investment. Additionally, Foxconn has a history of making investment promises that don't materialize in some instances.

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