Is China's E-commerce Dominance a Threat to Amazon and Walmart?Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales SlumpDue to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
American TikTok Sellers Reach Half a Million Despite Potential BanWhile the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
Cutting Off Russia's War Machine: U.S. Bans Uranium ImportsThe United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]
Amazon's AI Investment Pays Off with Record ProfitsAmazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Apple vs Google: Battle for AI Supremacy Heats UpApple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
Microsoft's Next Move: Data Center Launches in ThailandMicrosoft is set to establish a data center in Thailand. On the first of the month, Microsoft announced it would open its first regional data center in Thailand to enhance the availability of its cloud services. This news came just a day after Satya Nadella, the CEO of Microsoft Corporation, announced a $1.7 billion investment […]
China Welcomes Korean Companies' Investment Expansion: SK Group's CommitmentAccording to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
Elon Musk's Secret Trip to Beijing: A Game Changer for Tesla?CEO Elon Musk has secretly headed to Beijing. According to Reuters, on the 28th, Elon Musk plans to meet with high-ranking officials in Beijing, China, to discuss the Full Self-Driving (FSD) software launch in the country. He also aims to gain approval to transfer data collected in China to train algorithms necessary for Tesla’s autonomous […]
Tesla Breaks Barrier in China: FSD Software Likely to Enter Market After Inspection ApprovalModel 3 and Model Y Produced at Shanghai Gigafactory Pass the InspectionTesla, the Only Foreign Company to Pass For the first time, Chinese authorities have granted Tesla a compliance certificate for data security, which is the first for a foreign company. This green light paves the way for the introduction of Tesla’s Full Self-Driving (FSD) […]
Delta Plane Drops Emergency Slide, Returns to JFKDelta Air Lines Boeing 767 passenger plane made a U-turn in mid-flight when an emergency slide fell off. According to the AP on the 27th (local time), shortly after taking off from New York on Friday, Delta Air Lines passenger plane pilots felt vibrations when an emergency slide fell off, and they turned back to […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG TradeRussia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Mercedes-Benz Cleared of Diesel Scandal by DOJMercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
Maersk's Strategic $600 Million Bet on Nigeria's PortsDenmark’s shipping company, A.P. Moller-Maersk Group, plans to invest in Nigeria. On the 28th, Maersk announced that it would invest $600 million in Nigeria’s port infrastructure. The investment decision was made when Maersk’s Chairman, Robert Maersk Uggla, met with Nigeria’s President Bola Tinubu at the World Economic Forum conference held in Saudi Arabia. Uggla stated, […]
LG's Grand Showcase 2024: A New Chapter in Middle East and Africa▲ Participants at the LG Showcase 2024, held in Abu Dhabi, UAE, will examine the ‘LG Dios Objet Collection Mood Up’ on the 24th (local time). LG Electronics is accelerating its market strategy in the Middle East and Africa through close local communication. LG Electronics announced it held the ‘LG Showcase 2024’ in Abu Dhabi, […]
New Leadership Takes Helm at JP Morgan Chase ChinaThe head of JP Morgan Chase’s China branch has been replaced after ten years. According to a statement from JP Morgan Chase on the 23rd (local time), Lu Fang has been appointed as the chairman of the investment banking division in China. In addition, Greg Yu, who was the vice president of JP Morgan Securities […]
AppleTV Plus Nears FIFA Club World Cup Broadcasting AgreementApple is expanding the service area of its online streaming service, Apple TV Plus. The New York Times (NYT) reported on April 22 that the International Football Federation (FIFA) has almost finished negotiations with Apple for the global TV broadcasting rights of the new FIFA Club World Cup for a month. According to insiders, Apple’s […]
Fashion World Shaken as U.S. Regulators Halt Tapestry's $8.5 Billion AcquisitionTapestry, the parent company of American fashion brand Coach, faced a roadblock from U.S. regulators in its bid to acquire Capri Holdings, which owns brands such as Michael Kors, for $8.5 billion (approximately 11.7 trillion KRW). According to the Financial Times (FT) and the Wall Street Journal (WSJ), on the 22nd (local time), the Federal […]
Trump's Return Could Mean Tariff Troubles for South KoreaU.S. experts predict that if Donald Trump retakes the White House and enforces a strong tariff policy, South Korea, which revised the Free Trade Agreement (FTA) during the Trump administration, may not be an exception. Eric Altbach, a partner at the consulting firm Albright Stonebridge Group, said at a U.S. presidential election outlook seminar hosted […]
Bubble Tea Billionaires: China's Latest Wealth PhenomenonBloomberg reported on the 22nd (local time) that the popularity of bubble tea in China has consecutively created billionaires. According to the report, the stocks of Sichuan Baicha Baidao, the third-largest bubble tea chain in China (hereafter referred to as ChaPanda), are set to trade on the Hong Kong stock market starting from the 23rd. […]
Is China's E-commerce Dominance a Threat to Amazon and Walmart? Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales Slump Due to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
American TikTok Sellers Reach Half a Million Despite Potential Ban While the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
Cutting Off Russia's War Machine: U.S. Bans Uranium Imports The United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]
Amazon's AI Investment Pays Off with Record Profits Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
Apple vs Google: Battle for AI Supremacy Heats Up Apple, having a reputation for being late to step into the Artificial Intelligence (AI) industry, has been revealed to be making efforts to strengthen its AI capabilities by actively recruiting AI talents from Google and establishing a secret research lab in Zurich, Switzerland. On the 30th of last month, the Financial Times (FT) reported that […]
Microsoft's Next Move: Data Center Launches in Thailand Microsoft is set to establish a data center in Thailand. On the first of the month, Microsoft announced it would open its first regional data center in Thailand to enhance the availability of its cloud services. This news came just a day after Satya Nadella, the CEO of Microsoft Corporation, announced a $1.7 billion investment […]
China Welcomes Korean Companies' Investment Expansion: SK Group's Commitment According to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China. Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to […]
Elon Musk's Secret Trip to Beijing: A Game Changer for Tesla? CEO Elon Musk has secretly headed to Beijing. According to Reuters, on the 28th, Elon Musk plans to meet with high-ranking officials in Beijing, China, to discuss the Full Self-Driving (FSD) software launch in the country. He also aims to gain approval to transfer data collected in China to train algorithms necessary for Tesla’s autonomous […]
Tesla Breaks Barrier in China: FSD Software Likely to Enter Market After Inspection Approval Model 3 and Model Y Produced at Shanghai Gigafactory Pass the InspectionTesla, the Only Foreign Company to Pass For the first time, Chinese authorities have granted Tesla a compliance certificate for data security, which is the first for a foreign company. This green light paves the way for the introduction of Tesla’s Full Self-Driving (FSD) […]
Delta Plane Drops Emergency Slide, Returns to JFK Delta Air Lines Boeing 767 passenger plane made a U-turn in mid-flight when an emergency slide fell off. According to the AP on the 27th (local time), shortly after taking off from New York on Friday, Delta Air Lines passenger plane pilots felt vibrations when an emergency slide fell off, and they turned back to […]
EU vs. Russia: Kremlin Stands Firm Against Sanctions on LNG Trade Russia has shown the will to overcome the sanctions imposed by the European Union (EU). The Kremlin in Russia announced on the 27th that it would find a way to overcome the illegal sanctions imposed by the EU on the liquefied natural gas (LNG) business. An EU official announced last Thursday that the EU Executive […]
Mercedes-Benz Cleared of Diesel Scandal by DOJ Mercedes-Benz Group AG has successfully shaken off allegations of diesel emission manipulation. The U.S. Department of Justice (DOJ) announced on the 27th that it had concluded its investigation into the Mercedes-Benz diesel emission scandal and found no further allegations. Renata Jungo Brüngger, a member of the board responsible for integrity, governance, and sustainability at Mercedes-Benz, […]
Maersk's Strategic $600 Million Bet on Nigeria's Ports Denmark’s shipping company, A.P. Moller-Maersk Group, plans to invest in Nigeria. On the 28th, Maersk announced that it would invest $600 million in Nigeria’s port infrastructure. The investment decision was made when Maersk’s Chairman, Robert Maersk Uggla, met with Nigeria’s President Bola Tinubu at the World Economic Forum conference held in Saudi Arabia. Uggla stated, […]
LG's Grand Showcase 2024: A New Chapter in Middle East and Africa ▲ Participants at the LG Showcase 2024, held in Abu Dhabi, UAE, will examine the ‘LG Dios Objet Collection Mood Up’ on the 24th (local time). LG Electronics is accelerating its market strategy in the Middle East and Africa through close local communication. LG Electronics announced it held the ‘LG Showcase 2024’ in Abu Dhabi, […]
New Leadership Takes Helm at JP Morgan Chase China The head of JP Morgan Chase’s China branch has been replaced after ten years. According to a statement from JP Morgan Chase on the 23rd (local time), Lu Fang has been appointed as the chairman of the investment banking division in China. In addition, Greg Yu, who was the vice president of JP Morgan Securities […]
AppleTV Plus Nears FIFA Club World Cup Broadcasting Agreement Apple is expanding the service area of its online streaming service, Apple TV Plus. The New York Times (NYT) reported on April 22 that the International Football Federation (FIFA) has almost finished negotiations with Apple for the global TV broadcasting rights of the new FIFA Club World Cup for a month. According to insiders, Apple’s […]
Fashion World Shaken as U.S. Regulators Halt Tapestry's $8.5 Billion Acquisition Tapestry, the parent company of American fashion brand Coach, faced a roadblock from U.S. regulators in its bid to acquire Capri Holdings, which owns brands such as Michael Kors, for $8.5 billion (approximately 11.7 trillion KRW). According to the Financial Times (FT) and the Wall Street Journal (WSJ), on the 22nd (local time), the Federal […]
Trump's Return Could Mean Tariff Troubles for South Korea U.S. experts predict that if Donald Trump retakes the White House and enforces a strong tariff policy, South Korea, which revised the Free Trade Agreement (FTA) during the Trump administration, may not be an exception. Eric Altbach, a partner at the consulting firm Albright Stonebridge Group, said at a U.S. presidential election outlook seminar hosted […]
Bubble Tea Billionaires: China's Latest Wealth Phenomenon Bloomberg reported on the 22nd (local time) that the popularity of bubble tea in China has consecutively created billionaires. According to the report, the stocks of Sichuan Baicha Baidao, the third-largest bubble tea chain in China (hereafter referred to as ChaPanda), are set to trade on the Hong Kong stock market starting from the 23rd. […]
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