Chinese e-commerce giant PDD Holdings, which owns Temu, has moved its official headquarters from China to Ireland in recent days. As aggression from communist China continues to inflame tensions with the West and liberal democratic nations, more and more Chinese companies are trying to downplay their China-ties amid increasing aversion to the Chinese Communist Party…
Chinese Owner of Temu Moves HQ to Ireland as Consumers Increasingly Wary of China
Google Pulls Chinese Pinduoduo App Off Play Store Over Security Concerns
Google recently pulled the Chinese-owned Pinduoduo app off of its Google Play App Store after malware was found on a Chinese version of the app. “Off-Play versions of this app that have been found to contain malware have been enforced on via Google Play Protect,” the Google Play spokesperson said in an emailed statement on…
China’s E-Commerce Is a Hazard to America
Commentary Even as security concerns mount over TikTok, Americans are downloading another app from China at record speeds. The e-commerce app, called Temu, is for online shopping. It competes directly with Amazon, which it seeks to undercut by selling stuff at much lower prices. Lenovo wireless earbuds, for example, can be bought for as little…
Tech Founders Leave Companies Amid China’s Private Sector Crackdown
Chinese private tech giants are reacting after three tech companies saw their founders and CEOs quit companies. Zhang Yiming, the founder of TikTok’s parent company ByteDance, announced his resignation as ByteDance CEO in May. ByteDance in November said Zhang had completed the job transition and officially stepped down. Zhang, a Chinese computer engineer, founded Bytedance…
China’s Crackdown on Tech Companies Should Be a Warning Taken Seriously: Expert
U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walter, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walter said in a recent interview with NTD, an…
China’s Crackdown on Tech Companies Is a Warning to US Investors: Expert
U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walters, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walters said in a recent interview with NTD, an…
Three Chinese Tech Giants’ Shares Drop Over 30 Percent After Beijing’s Recent Crackdown
Despite the surge in online shopping driven by the pandemic lockdown, China’s major online retailers’ shares—that had soared to record highs in February—fell sharply amid the Chinese regime’s stricter control measures.
Founder of Chinese E-Commerce Firm Pinduoduo Departs
HONG KONG—Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base surpassed that of rival Alibaba. Huang, who founded Pinduoduo in 2015 and is China’s third-richest man with a net worth of about $56 billion, said that he is giving up the chairmanship to…
Sudden Death of 22-Year-Old at China’s Largest E-commerce Platform Stirs Criticism From Netizens
A 22-year-old female worker of Pinduoduo, a large mainland Chinese e-commerce company currently listed on the Nasdaq, who died suddenly after finishing work late at night, has drawn nationwide attention to the company’s workplace policies, and criticism of its online response. News of the employee’s sudden death circulated online since her death on Dec. 29….
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