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Walmart considers buying TikTok in bid to tackle Amazon’s advertising dominance

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Walmart is considering buying TikTok, the Chinese-owned app and social media platform. 

While it may not seem to make sense at first, the idea is part of Walmart’s restructuring as a more digital-oriented enterprise.

Walmart is by far the America’s largest retail chain, with more stores selling more stuff than anyone else – revenue for 2017 was more than $500 billion. The second largest, Costco, generated $130 billion in the same year, while Amazon’s were almost $120 billion. [Read more…] about Walmart considers buying TikTok in bid to tackle Amazon’s advertising dominance

US demands Hong Kong-made goods be relabelled ‘Made in China’

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The United States government is calling for goods made or exported to the US from Hong Kong to be relabelled “Made in China”, according to a report on the South China Morning Post. 

The measure, to be introduced by US President Donald Trump, does not appear to need Congressional approval or any kind of vote.

It will mean that Hong Kong companies exporting to the US will be required to pay the same kind of punitive tariffs currently placed on goods arriving in America from mainland China. [Read more…] about US demands Hong Kong-made goods be relabelled ‘Made in China’

US targets Chinese tech giants for bans and sales

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The United States is targeting a range of Chinese-owned tech giants for bans or sales in a bid to put pressure on its economic rival.

The administration of President Donald Trump appears to be conflating “national security” issues with economic measures which it believes are fair while others consider protectionist.

Trump has signed executive orders which may see the sale within 45 days of video-sharing app TikTok to Microsoft. Another app in the administration’s bad books is WeChat, according to the South China Morning Post. [Read more…] about US targets Chinese tech giants for bans and sales

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