A U.S. judge in Washington late on Sunday temporarily blocked a Trump administration order that was set to bar Apple and Google from offering Chinese-owned app TikTok for download at 11:59 p.m. on Sunday.
U.S. President Donald Trump said he supported a deal in principle that would allow TikTok to continue to operate in the U.S., even as it looked to conflict with his prior order for ByteDance to divest the video app.
China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates as its core commerce and cloud computing businesses continued to grow following China’s emergence from the coronavirus lockdown.
Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.
Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including artificial intelligence and cybersecurity, the company said Tuesday.
Burberry was hit hard by the Covid-19 crisis at the end of its last financial year and the impact is continuing in the new year. But it's seeing resurgent demand in key Asian markets and its strategy remains on track.
UK retailers have a huge opportunity in China as it recovers from the coronavirus crisis with new research saying 76% of consumers there who’ve bought British goods online plan to increase their spend this year.