Pinduoduo grew faster than JD.com, Alibaba in Q3: But with lockdowns and protests stymieing domestic spending, the discount retailer is looking for growth opportunities in the US.
China鈥檚 protest flashpoint: Citizens are taking to the streets in the most significant protest against the Communist Party鈥檚 tightening grip since the Tiananmen crisis. Geopolitical strife could shut down the world鈥檚 factory.
Tesla鈥檚 safety recall pileup: Hyperscaling production is taking a toll on vehicle safety and quality control. The carmaker鈥檚 approach to fixing problems with over-the-air firmware updates could be part of the problem.
TSMC commits to building high-end chips in US: The global chip production landscape could shift as fabs find homes in US cities, but economic uncertainty could pause expansion plans.
Profits slid 63% YoY in the three months ending in June as the government clamped down on the firm. Overseas Alipay expansion may help reinvigorate growth.