Temu retains top spot on US iOS downloads amid rising scrutiny over Chinese apps
Temu, the Chinese e-commerce giant owned by PDD Holdings, has secured the top spot on Apple’s US iOS store for the most downloaded free apps for the second consecutive year.Its meteoric rise underscores the growing popularity of Chinese apps
RIL set to end 2024 in red for the first time in a decade: what investors need to know
The year 2024 has not exactly been a remarkable time for Reliance Industries Limited (RIL), with its shares on track to end the year with negative returns for the first time in nearly a decade.This decline marks a stark contrast
US probes China’s growing influence in legacy chips
The US is preparing to ramp up its trade restrictions on China’s semiconductor industry, this time focusing on legacy chips.With weeks remaining in its term, the Biden administration is poised to launch an investigation into Chinese-made legacy semiconductors, potentially
Metaplanet raises $30 million via zero-interest bonds to grow Bitcoin holdings
Japan-listed company Metaplanet is issuing 4.5 billion yen ($30 million) worth of zero-interest bonds to expand its Bitcoin holdings. This move aligns with its strategy to accumulate the cryptocurrency as a core asset.Metaplanet’s move mirrors MicroStrategy’s widely recognised approach of
Walmart de Mexico hit with 10-year restrictions over supplier practices
Walmart de Mexico, the country’s largest retail chain, faces a significant regulatory blow as Mexico’s Federal Competition Commission imposed a $4.6 million fine for monopolistic practices.The company will operate under stringent conditions for the next 10 years.The regulator