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Not worth it? Chinese resellers cut iPhone prices after Apple bombshell warning

1 week ago DieselGasoil Comments Off on Not worth it? Chinese resellers cut iPhone prices after Apple bombshell warning
China-based retailers have rolled out huge discounts on Apple phones, including the latest iPhone XR model. The generous offering comes after the US giant had to issue a rare gloomy revenue forecast for its sales in the country. Suning, one of the largest retailers in China, part of which is owned by Alibaba, and another Read More

China retailers slash iPhone prices after Apple sales warning

1 week ago DieselGasoil Comments Off on China retailers slash iPhone prices after Apple sales warning
SHANGHAI (Reuters) – Several Chinese electronics retailers including Alibaba-backed Suning (002024.SZ) and JD.com (JD.O) have slashed iPhone prices this week, after Apple (AAPL.O) recently blamed poor sales of the smartphone in the country for a rare revenue warning. The discounting, as steep as $118 for the recently launched 64GB iPhone XR, is the latest sign Read More

Paying the price: China shoppers, stung by slowdown, take bite out of Apple

3 weeks ago DieselGasoil Comments Off on Paying the price: China shoppers, stung by slowdown, take bite out of Apple
BEIJING/SHANGHAI (Reuters) – Shanghai student Xu Yechuyi wanted to buy a new iPhone last year but couldn’t afford one at Apple Inc’s flagship store, so she opted for a used, three-year-old iPhone 6S at less than a third of the sticker price. A man walks out of an Apple store in Beijing, China December 14, Read More

China's Didi launches credit, crowdfunding services in diversification push

3 weeks ago DieselGasoil Comments Off on China's Didi launches credit, crowdfunding services in diversification push
FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters building in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals. The Read More

Bike-sharing firm Ofo's dramatic fall a warning to China's tech investors

4 weeks ago DieselGasoil Comments Off on Bike-sharing firm Ofo's dramatic fall a warning to China's tech investors
BEIJING/SHANGHAI (Reuters) – On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup. FILE PHOTO: A worker transports bicycles of the bike-sharing startup Ofo in Read More

Online clothing retailers hunt for better fit to cut costly returns

1 month ago DieselGasoil Comments Off on Online clothing retailers hunt for better fit to cut costly returns
BERLIN/MADRID (Reuters) – Models testing fashion brands like Adidas, Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back. Fitting models checks out sizes of a t-shirt which Read More

China bike-sharing firm Ofo faces 'immense' cash crunch, CEO vows to battle on

1 month ago DieselGasoil Comments Off on China bike-sharing firm Ofo faces 'immense' cash crunch, CEO vows to battle on
SHANGHAI/HONG KONG (Reuters) – Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd (BABA.N), is battling “immense” cash flow problems and disbanding the firm has been considered as an option, its chief executive said in a letter to employees. Ofo bike-sharing bicycles are pictured in Singapore August 29, 2017. REUTERS/Edgar Su The firm, whose Read More

SoftBank telco suffers $9 billion slump on debut after record IPO

1 month ago DieselGasoil Comments Off on SoftBank telco suffers $9 billion slump on debut after record IPO
TOKYO (Reuters) – SoftBank Corp (9434.T) shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei. The poor start for the unit of tech investment giant Read More

SoftBank telco suffers rare Japan slump on debut after record IPO

1 month ago DieselGasoil Comments Off on SoftBank telco suffers rare Japan slump on debut after record IPO
TOKYO (Reuters) – SoftBank Corp (9434.T) shares tumbled more than 14 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei. The poor start for the unit of investment giant SoftBank Group Read More

SoftBank telco suffers rare Japan drop on debut after record IPO

1 month ago DieselGasoil Comments Off on SoftBank telco suffers rare Japan drop on debut after record IPO
TOKYO (Reuters) – SoftBank Corp (9434.T) shares slumped more than 12 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei. SoftBank Corp. President and CEO Ken Miyauchi smiles as he rings Read More