Sellers and shoppers on the two sites say they saw items disappear and prices go up after President Donald Trump implemented tariffs on Chinese imports.
Consumers and small businesses are already feeling the impact of President Donald Trumpβs new tariffs, which eliminated a key trade exemption for parcels worth less than $800.
As part of new tariffs on Chinese imports, President Donald Trump eliminated an exemption for small packages, vastly increasing the amount of parcels US Customs and Border Protection needs to inspect.
When Chinese quant hedge fund founder Liang Wenfeng went into AI research, he took 10,000 Nvidia chips and assembled a team of young, ambitious talent. Two years later, DeepSeek exploded on the scene.
Job listings posted in China this week indicate that Xiaohongshu, also known as RedNote, is struggling to handle an influx of new users joining the platform from TikTok.
Despite the arrival of new competitors and growing political tensions between the US and China, the ecommerce juggernaut Temu proved in 2024 itβs here to stay.
Frank McCourt says his bid for TikTok is part of a broader mission to move millions of people to healthier online platforms. βI compare this to large-scale, human physical migration.β
The Supreme Court, president-elect Donald Trump, or an American buyer could still intervene to save the video platform, which is used by some 170 million Americans.
