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The logos of Shein and Temu. Photo: Reuters

Vietnam threatens to block Chinese retailers Shein and Temu over licences

Fast-fashion retailer Shein has been selling to Vietnam for at least two years. Temu began allowing users in the country to shop last month.

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Australia to ban children under 16 from social media: ‘real harm to kids’

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From chip war to TikTok ban: what tech can expect from Donald Trump

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

At one point on Wednesday, bitcoin prices reached above US$75,000, having gained more than 66 per cent since the start of this year. Photo: Shutterstock

Apple to face first fine under new EU digital antitrust rules

The penalty, under the Digital Markets Act, is related to the iPhone maker’s App Store.

My Take | China’s bleak demographic condition offers harsh lessons for policymakers

Beijing’s efforts to cultivate a ‘birth-friendly society’ marks an about-turn from its rigid, decades-long enforcement of a one-child policy.

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Opinion | How can China’s reforms succeed when officials act like overbearing parents?

The ‘we-know-best’ mentality prevents market forces from playing a decisive role and affects investor confidence.

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Illustration: Craig Stephens

US tech firms warn Vietnam’s planned law to hamper social media, data centres

The draft law, being discussed in Vietnam’s parliament, aims to tighten information-protection rules and limit data transfers abroad.

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

Indonesia bans Google’s Pixel smartphones after blocking Apple’s iPhone 16

Sales of those smartphones were blocked for not meeting Indonesia’s rules requiring the use of locally manufactured components.

Google’s new Pixel 9 smartphone series. Photo: Reuters

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane

Shanghai to back local biopharma firms’ overseas push, regulatory compliance

The initiative aims to generate about US$7 billion from medical product exports by 2027.

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China’s Zhejiang province rolls out platform to grow cross-border e-commerce

Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.

Hongkongers suffer more digital fraud than global peers, survey says

Gen Z users are in the crosshairs of online scammers who prowl forums and dating sites for prey, according to TransUnion.

Workers walk during lunch hour in Tsuen Wan on March 21, 2023. Photo: Sam Tsang

Apple’s Tim Cook meets China’s commerce minister, pledges more investment

Minister of Commerce Wang Wentao welcomed Apple to get more “deeply involved” in China, while Cook reiterated Apple’s commitment to the market.

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Apple CEO Tim Cook speaks during the company’s “It’s Glowtime” event in Cupertino, California, on September 9, 2024. Photo: TNS

English Premier League faces unprecedented regulation if UK bill gets go-ahead

A new regulator can determine how EPL clubs distribute money to smaller clubs, and can ensure they consult fans before raising ticket prices.

Apple’s Tim Cook meets Chinese regulators but no final word on AI roll-out

Chinese consumers have been vocal about their desire to see Apple bring its generative AI services to China as soon as possible.

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Tim Cook returns to China as Apple Intelligence roll-out remains uncertain

The Apple chief executive is keeping his ear to the ground in one of the US tech giant’s largest markets.

Apple chief executive Tim Cook poses for a selfie with famous Chinese photographer Chen Man in Beijing. Photo: Weibo

China regulators go on charm offensive as economic growth stalls

CSRC Chairman Wu Qing solicited feedback from financial specialists and media representatives, according to a readout on the watchdog agency’s website.

Tesla’s autonomous driving roll-out in China may face delays amid data concerns

Tesla has Chinese government support to trial some self-driving features, state media reported, but no full self-driving systems have been approved yet.

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China cybersecurity group seeks review of Intel products for possible breaches

Initiating a review would help safeguard national security and the interests of Chinese consumers, the group said.

A proposed cybersecurity review of Intel products sold in China threatens to heat up tensions between Beijing and Washington. Photo: Shutterstock

Indonesia’s ban on Temu won’t spread across Southeast Asia: analysts

Indonesia’s core issue with Temu is how a large volume of cheap Chinese goods entering the country could impact its manufacturing sector.

In Southeast Asia, Temu has established operations in the Philippines, Malaysia, Thailand, Vietnam and Brunei. Photo: Shutterstock

Economist urges China to further elevate private sector as draft law disappoints

Teng Tai suggests ‘milestone’ law should dispel concerns that private entrepreneurs in China are only needed in times of crisis.

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TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside US, Asia

ByteDance-owned TikTok attributed that increase to its growing user base, improved ad performance and greater live-streaming revenue.

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LinkedIn halts Hong Kong users’ data collection for GenAI: privacy watchdog

Privacy Commissioner for Personal Data earlier raised concerns about the social media platform’s default opt-in use of the data.

LinkedIn said in September its updated privacy policy included language that indicated users’ data and content would be used by default to train the platform’s GenAI. Photo: Shutterstock

My Take | Unusual draft law signals China’s resolve to protect private economy

The draft private-economy protection law contains clauses targeting ‘long-range fishing’ and other problematic practices by local officials.

A shopping centre in Beijing. Photo: AFP

Hong Kong names accounting regulator Kelvin Wong as next SFC chairman

Wong, 63, will serve a three-year term leading the market watchdog starting on October 20, replacing current chairman Tim Lui.

Discount shopping giant Temu enters Vietnam and Brunei amid Indonesia ban

The latest expansion initiatives of Temu reflect its efforts to grow in Southeast Asia, home to nearly 700 million people.

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Regulation
The latest news, analysis and opinion on Regulation. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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