U.S. Archives - Pandaily

SHEIN Refutes Risk of Shutdown in the US

A recent report suggested that Chinese fast fashion retailer SHEIN could face the threat of a "Shut Down SHEIN" campaign. SHEIN has denied the allegations and affirmed its adherence to US laws and regulations.

TikTok CEO Grilled by US Lawmakers

The United States Congress recently held a hearing on TikTok after a three-year hiatus, revisiting concerns over the app's ownership by ByteDance and the possibility of separating it from the Chinese parent company or outright banning it in the US.

SEC Sues Justin Sun and His Companies Over Crypto Violations

On March 22, SEC filed a formal lawsuit against Justin Sun, the founder of Tron, as well as three of his wholly-owned companies. The charges against them include accusations of selling securities illegally, engaging in fraud, and manipulating the market.

US Chip Designer Marvell to Begin Layoffs in China

Marvell, a US-based chip designer, has reportedly decided to dissolve all of its Chinese research and development (R&D) teams. Marvell had already undergone significant layoffs in China in October of last year.

Huawei Founder Ren Zhengfei Discusses US Sanctions, Chips, and AI

Ren Zhengfei, founder and CEO of Chinese telecoms giant Huawei, delivered a speech at a recent symposium where he addressed several issues, including chip supply, ChatGPT, the company's future direction for research and development, and its employee selection systems.

Chinese-Based Firms Confirm Minimal Exposure to Silicon Valley Bank

The recent shutdown of Silicon Valley Bank (SVB) by regulators marks the largest bank failure in the United States since 2008. Several Chinese Hong Kong-listed companies have sought to reassure investors by stating that their cash deposits in SVB were not significant.

TCL Builds on US Sustainability Accomplishments With Launch of #TCLGreen Campaign

During the recent CES 2023 tech show in Las Vegas, consumer electronics firm TCL launched its #TCLGreen campaign, a global initiative building on its award-winning US sustainability achievements to continue growing its commitment to ESG efforts and create a greener planet.

Chinese Property Tycoon Arrested in London on US Bribery Charges

Zhang Li, the co-founder and CEO of Guangzhou-based R&F Properties, has been formally accused of bribery by United States authorities. The Hong Kong-listed company stated that it planned to fight what it called "false allegations."

US Chip Equipment Firm Lam Research Starts Layoffs in China

Lam Research, a US-based supplier of chip wafer fabrication equipment and provider of services for the semiconductor industry, has reportedly started to cut 10% or more of its staff in China.

US Accuses Four Chinese Solar Panel Companies of Circumventing Tariffs

On December 2, the U.S. Department of Commerce issued preliminary determinations in the circumvention inquiries of solar cells and modules from China. Four Chinese enterprises were found to be circumventing tariffs.

Geely’s Zeekr Unveils M-Vision Concept Car and Autonomous Car Developed With Waymo

Geely's electric vehicle brand Zeekr announced on November 17 that its M-Vision concept car will be mass-produced in 2024. Meanwhile, a driverless car jointly developed by Zeekr and Waymo, an autonomous driving company, also officially appeared in Los Angeles.

ByteDance’s TikTok Shop Officially Launched in US

On November 10, news that TikTok Shop will be launched in US was finally confirmed. In order to register for TikTok Shop in the US, merchants will need to use a domestic mobile phone number and email address, or an existing TikTok account. An invitation code is also required.

TuSimple’s Stock Price Plunges 45% After Firing CEO

TuSimple, an automated driving technology company, announced on October 31 that it has terminated Hou Xiaodi, the CEO, President and CTO of the company, and that it has removed him as Chairman of the Board.

Chinese Chip Startup Biren Technology Cuts Staff Due to TSMC Supply Suspension

News emerged on October 23 that one-third of Chinese startup Biren Technology's employees will be laid off because Taiwan Semiconductor Manufacturing Company has decided to suspend production of advanced silicon for it to ensure compliance with US regulations.

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.

Subsidiary of Chinese Battery Maker Gotion High-Tech to Build Factory in Michigan

Gotion, the US subsidiary of Chinese battery manufacturer Gotion High-Tech, will build a battery material factory in Big Rapids, Michigan, with an investment of about $2.364 billion, creating about 2,350 jobs.

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.

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