Coco Feng

6 days ago | scmp.com | Coco Feng

Chinese-backed online retailers Shein and Temu have notified US consumers that they would raise prices starting April 25 “due to recent changes in global trade rules and tariffs”, as Chinese imports face significant tariff increases and the expiration of key exemptions. The two platforms, known for offering budget-friendly goods sourced primarily from China, issued nearly identical statements on their US websites.

1 week ago | scmp.com | Coco Feng

Chinese technology giant Tencent Holdings announced a significant campus recruitment initiative on Thursday, offering 28,000 internships over the next three years as the country’s 12 million fresh graduates face challenges in securing employment. The Shenzhen-based company said it would strive to retain more interns as permanent employees, although it did not specify the proportion. This year alone, Tencent plans to hire 10,000 interns who are graduating in summer or later.

1 week ago | scmp.com | Coco Feng

China’s BYD, the world’s largest electric vehicle maker, has launched its new Titanium 3 SUV at a starting price of 133,800 yuan (US$18,320), intensifying its push to dominate the market through aggressive pricing and new technologies. The new model, with five variants, is the first in BYD’s new Titanium series under its premium Fang Cheng Bao brand, which literally means “formula leopard”.

1 week ago | flipboard.com | Coco Feng

11 hours agoFRANCE (FEB. 14, 2025) (ANADOLU - ACCESS ALL) (FILE FOOTAGE) (00:00 - 00:50) SHOTLIST: 1. VARIOUS OF DRONE SHOTS OF STELLANTIS FACTORY JAKARTA, INDONESIA (FEB. 18, 2023) (ANADOLU - ACCESS ALL) (FILE FOOTAGE) (00:50 - 02:51) 2. VARIOUS OF VISITORS LOOKING AT CARS AT INDONESIA INTERNATIONAL MOTOR SHOW HALL TOKYO, JAPAN (NOV. 26, 2023) (ANADOLU - ACCESS ALL) (FILE FOOTAGE) (02:51 - 03:35) 3.

1 week ago | scmp.com | Coco Feng |Xinmei Shen

Online shopping platform Temu, owned by PDD Holdings, has suspended its advertising spending on major US channels such as Google and Meta Platforms, as new US tariffs pose challenges to its business model. Since April 12, the daily number of advertisements placed on Google by Temu’s main entity, WhaleCo, has plummeted to just 14, a sharp decline from between 30,000 and 60,000 from April 6 to 9, according to the Google Ads Transparency Centre.