China news and trends

Apple’s China Troubles Continue With 18% iPhone Sales Drop

January 21, 2025
China, Apple, App Store, iPhone
Trump ‘Reviewing Situation’ After Supreme Court Upholds TikTok Ban
Regulation // January 17, 2025

After the U.S. Supreme Court upheld the law that forces a sale or ban of TikTok, the company and President-elect Donald Trump said in separate statements that there may be a solution that keeps the social media app available in the U.S. The Supreme Court...

US Impending Ban on Software Sparks Concerns Over Connected Car Future
Regulation // January 14, 2025

The U.S. government’s impending ban on certain car parts from China and Russia, particularly those critical for connectivity and vehicle autonomy, is raising concerns across the automotive industry. Automakers, including General Motors, Toyota, Hyundai and Volkswagen, are calling for a delay in the rule’s enforcement, citing...

Could Elon Musk Become TikTok’s New Owner?
Social Commerce // January 14, 2025

China is reportedly considering selling TikTok to Elon Musk before the platform is banned. That’s one option the Chinese government is considering if TikTok parent ByteDance can’t halt the U.S. government’s ban of the popular video app, Bloomberg News reported Tuesday (Jan. 14), citing sources familiar with the matter....

iPhone’s AI Limits in China Fuel 5% Sales Dip
Apple // January 13, 2025

Apple’s iPhone sales reportedly dropped 5% late last year amid stronger competition from Chinese rivals. Much of this decline can be attributed to the lack of Apple’s artificial intelligence (AI) features on phones sold in China, the company’s biggest market beyond the U.S., Bloomberg News...

Interviews & Exclusives
US Impending Ban on Software Sparks Concerns Over Connected Car Future

January 14, 2025
The U.S. government’s impending ban on certain car parts from China and Russia, particularly those critical for connectivity and vehicle autonomy, is raising concerns across the automotive industry. Automakers, including General Motors, Toyota, Hyundai and Volkswagen, are calling for a delay in the rule’s enforcement, citing potential disruptions to production timelines. The ban, which targets components […]

Navigating AI Compliance: How Global Banks Balance Innovation and Regulation

October 16, 2024
This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence of technology grows. Experts emphasize...

TikTok Divesture Aftermath Focuses on Potential Suitors

April 24, 2024
The clock is running out on TikTok’s U.S. ambitions. President Joe Biden on Wednesday (April 24) signed a bipartisan measure that gives TikTok’s owner, Chinese tech giant ByteDance, nine months...

Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments

March 25, 2024
Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets, which make international fund flows...

Quick Reads
Apple’s China Troubles Continue With 18% iPhone Sales Drop

January 21, 2025
Apple reportedly closed out 2024 suffering a double-digit drop in iPhone sales in China. Sales of the company’s flagship product were down 18.2% in China during the last quarter of the year, Bloomberg News reported late Monday (Jan. 20), citing Counterpoint Research data. It was the latest example of Apple’s struggle in China, its biggest […]

Trump ‘Reviewing Situation’ After Supreme Court Upholds TikTok Ban

January 17, 2025
After the U.S. Supreme Court upheld the law that forces a sale or ban of TikTok, the company and President-elect Donald Trump said in separate statements that there may be...

Could Elon Musk Become TikTok’s New Owner?

January 14, 2025
China is reportedly considering selling TikTok to Elon Musk before the platform is banned. That’s one option the Chinese government is considering if TikTok parent ByteDance can’t halt the U.S. government’s ban...

iPhone’s AI Limits in China Fuel 5% Sales Dip

January 13, 2025
Apple’s iPhone sales reportedly dropped 5% late last year amid stronger competition from Chinese rivals. Much of this decline can be attributed to the lack of Apple’s artificial intelligence (AI)...