Chinese apps are a mixed blessing for American big tech | The Key Mindset Shifts You Need to Make by 30, 40, and 50 If You Want to Age Successfully | China and Bhutan aim to resolve a long-running border dispute | Africa Live this week: 30 October - 5 November 2023 - BBC News

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� � � � � � You Might Like � � � � � � � � � Chinese apps are a mixed blessing for American big tech - The Economist    During the past year Shein and Temu, two ultra-fast-fashion upstarts famous both for $5 frocks and for playing down their Chinese heritage, have waged an internecine legal battle in America. Singapore-based Shein, the better-known of the two, threw down the frilly gauntlet, accusing Temu, which has invaded its territory in America, of stealing its trademarks and using social-media influencers to disparage it. Temu, which is based in Boston but owned by PDD, a Chinese e-commerce giant, struck back. It accused Shein of monopolistic practices like using its market power to force a network of 8,000-plus suppliers in China to refuse to do business with Temu. Then, on October 27th, Reuters reported that the firms had suspended hostilities. To observers in the West these goings-on might once have seemed like an entertaining sideshow. But they illustrate that the cut-throat drama of Chinese e-commerce has now arrived in America. The fortunes of Shein and Temu are intricately bound up with those of some of America’s biggest technology firms, such as Meta, with its social-media empire, Alphabet, owner of Google, and Amazon, America’s e-commerce behemoth—not to mention physical retailers like Walmart and the dollar stores ubiquitous across American strip malls. No one likes to say this out loud, but for all the talk of Sino-American decoupling, China-linked e-commerce platforms are muscling into American business with the same shock-and-awe tactics that TikTok, a video app, used to besiege social media. For digital advertisers it is a mixed blessing. For discount retailers it is a curse. For everyone it may change the warp and weft of cross-border commerce. Take advertising for starters. In its third-quarter results announced in late October, Meta revealed that advertisers from China, including e-commerce and gaming firms, had an “outsized” impact on revenue growth. Meta did not name the firms or quantify their impact, but supersleuths went to work. One was Brian Wieser, a former adman turned analyst, who five years ago first drew attention to the importance of Chinese advertisers on Facebook after spotting differences in company data between the geographic location of those who sell ads on its platforms and those who see them. Only this year did Meta start acknowledging China’s importance, vindicating his work. Using similar location data, MoffettNathanson, a research firm, estimates that Shein and Temu provided nearly a third of Meta’s revenue growth in the nine months to September, or almost $3bn (a figure well short of Mr Wieser’s estimates). Alphabet, too, is reaping the bonanza. Tinuiti, a marketing firm, says that in the third quarter Temu was as big a competitor in auctions for ads on Google Shopping as Walmart. A year ago the fledgling firm was nowhere. Continued here The Key Mindset Shifts You Need to Make by 30, 40, and 50 If You Want to Age Successfully - Inc.com    How the Founders of Glow Recipe and Graza Use Unorthodox Marketing Tactics to Boost Their Brands How to Fail the Right Way, According to a Psychologist Who Studies the World's Biggest Flops Former SBA Chief Karen Mills Says Technology Is the Key to Unlocking More Small-Business Lending Continued here Don't like ads? Go ad-free with TradeBriefs Premium China and Bhutan aim to resolve a long-running border dispute - The Economist    Chinese diplomats have had a rough ride in South Asia for most of the past four years. Relations with India took a nosedive after a deadly border clash in 2020. Debt problems, political instability and militant attacks on Chinese nationals have strained an “ironclad” friendship with Pakistan. Mass unrest toppled a China-friendly president in Sri Lanka last year after it plunged into a debt crisis linked to Chinese lending. Bangladesh also shelved several infrastructure projects tied to China’s Belt and Road Initiative. Lately, though, China has bounced back in some of the region—to India’s dismay. The most recent Chinese success came with Bhutan, a Himalayan kingdom of 770,000 people wedged between China and India. It is the only Asian country without formal diplomatic ties to China. Along with India, it is also one of only two countries whose land borders with China are officially disputed. And to complicate matters further, the disagreement covers an area, known as the Doklam plateau, where the Indian, Chinese and Bhutanese borders meet (see map). The breakthrough was the first ever visit to Beijing by a Bhutanese foreign minister. Tandi Dorji met his Chinese counterpart, Wang Yi, on October 23rd (see picture) and China’s vice-president, Han Zheng, the following day. He also participated in the two countries’ first talks on the frontier dispute since a stand-off between Chinese and Indian troops in Doklam in 2017. Continued here Africa Live this week: 30 October - 5 November 2023 - BBC News - BBC News    Bringing you the latest news from around Africa at bbc.com/africalive. This is an automated feed overnight and at weekends. You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law. This is an automated feed overnight and at weekends Continued here

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