U.S. Archives - Pandaily

BYD’s Board Secretary Responds to Rumored US Ban on Chinese Batteries

On the evening of September 14, a rumor that the Inflation Reduction Act recently passed by the United States government will ban Chinese batteries after 2024 spread wildly on Chinese social media. The potential policy was then repudiated by the Secretary of the Board of BYD.

Apple Supplier Luxshare Precision Discloses US Investigation Findings

Luxshare Precision, a consumer electronics manufacturer, announced on September 13 that the United States International Trade Commission's investigation into the company has been closed without any material impact on the company's production and operations.

Metaverse Game Downloads Exceed 110 Million in H1 2022

Sensor Tower, a mobile app marketing intelligence firm, released a report on August 24 which analyzed the changes of mobile game market in the metaverse in recent years.

Five State-owned Enterprises to Delist from New York Stock Exchange

On August 12, five Chinese state-owned enterprises announced that they had applied for a voluntary delisting of their American Depository Shares (ADSs) from the New York Stock Exchange.

Tim Hortons China Edges Closer to US Listing

Canadian coffee chain Tim Hortons has recently made further progress in plans to list its Chinese business division in the US. Silver Crest, a special purpose acquisition company, will hold a general meeting regarding the merging matter on August 18.

Luxury Confections Brand Lady M to Pull Out of Mainland China

Lady M, a New York-based luxury confections brand, announced on July 21 the future termination of all stores in the Chinese mainland.

NetEase Games Announces New US Studio

NetEase Games, the online games division of Chinese tech giant NetEase, on July 18 announced Jar of Sparks, a new first-party studio that will enjoy full creative freedom within the corporate network.

Opinion: Beware the Digital Sovereignty Trap

In the world of ICT, silos and protectionism held sway for much of the 20th century. Things changed in the 1970s when market liberalization and internet-based technology launched a new era of openness and competition that fueled growth and benefited millions of people.

Fast Fashion Giant SHEIN Allegedly Steals Designs

SHEIN, a fast fashion retailer founded in China in 2008, recently fell into a copyright infringement dispute over alleged design theft.

Rape Accuser of JD.com’s Richard Liu Asks for Punitive Damages

Last Friday, a Minnesota court held a four-hour hearing in which Liu Jingyao, the accuser, asked for punitive damages from both Richard Liu and Chinese e-commerce giant JD.com. She attended the hearing in person.

Pop Mart Opens First Pop-up Store in the U.S.

Pop Mart, a trendy culture and entertainment company, officially opened its first pop-up store in South Coast Plaza, California. This is the first time that Pop Mart has opened an offline channel the U.S.

TikTok Moves US User Data to Oracle Servers

TikTok, a short video streaming platform owned by Beijing-based tech giant ByteDance, has completed migrating information on its US users to servers at Oracle Corporation, in a move that could address US regulatory concerns over data integrity.

US Court Rejects All Civil Lawsuits Against Chinese Chip Maker SMIC

Chinese chip maker SMIC announced on Friday that it had received a ruling from the United States District Court for the Central District of California dismissing, in its entirety, the civil lawsuit with prejudice and without leave to amend.

NIO Recruits Talents for Overseas Manufacturing Jobs

Chinese electric vehicle maker NIO is recruiting a number of employees for manufacturing-related positions the U.S., suggesting that the company is planning to build a new factory in the U.S.

NetEase Games Launches First U.S. Studio

NetEase Games, the online gaming division of Chinese internet technology firm NetEase, announced on Thursday its first studio in the United States, Jackalope Games, which is based in Austin, Texas.

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