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China Is Dominating Ecommerce

In China, a drab gray Mao suit was once the required attire for men and women. No longer. The county is poised to become the largest luxury apparel market worldwide by 2025. With a 2020 population of 1.4 billion and a flourishing middle class with an appetite for foreign [...]

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China plots ‘rectification’ drive to bring Jack Ma’s Ant Group to heel

Beijing is accelerating plans to bring Jack Ma’s Ant Group more closely under its control as part of a “rectification” drive that would make it difficult for one of China’s richest men to fully rebuild his online empire. Ant’s consumer lending unit and other fast-growing parts of the financial technology [...]

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Apple’s longtime supplier accused of using forced labor in China

One of the oldest and most well-known iPhone suppliers has been accused of using forced Muslim labor in its factories, according to documents uncovered by a human rights group, adding new scrutiny to Apple’s human rights record in China. The documents, discovered by the Tech Transparency Project and shared exclusively [...]

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China’s Digital Yuan Trial Sees Spending For Retail, Ridesharing And More

The second trial of digital yuan by the People’s Bank of China has concluded, resulting in hundreds of thousands spent on eCommerce retail, food delivery and ride-sharing, The Wall Street Journal (WSJ) reports. The trial began earlier in the month as authorities handed out 20 million digital yuan, or $3.1 million, to local [...]

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China Lengthens Deferrals For Small And Micro-Businesses; Ant Group Scales Back Credit Limits Of Some Virtual Card Users

China Extends Economic Stimulus Measures For Small And Micro-Businesses China’s State Council reportedly said late Tuesday (Dec. 22) that small and micro-sized companies can defer loan payments beyond Q1 of next year as needed. In addition, some financial institutions catering to small companies will keep getting government support following a [...]

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Nike stock hits an all-time high as e-commerce powers through the pandemic

The athletic-wear brand’s shares hit a new all-time high early Monday in their first trading session since Nike reported another set of stellar quarterly results. Those results, posted after U.S. markets closed on Friday, showed that Nike is navigating the pandemic exceptionally well thanks in large part to its digital [...]

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