Bloomberg:
ByteDance to Fire Hundreds, Shut Nuverse in Major Gaming Retreat — TikTok's owner will slash hundreds of jobs in games creation — It's also seeking to sell existing gaming titles from Nuverse … TikTok's owner will fire several hundred people, unwind projects under development …
A look at Temu, Shein, Meituan, and other Chinese companies' expansion plans in Brazil, as they face slowing domestic demand and hurdles in the US and Europe (Meaghan Tobin/New York Times) https://ift.tt/F1qzQUR
Meaghan Tobin / New York Times : A look at Temu, Shein, Meituan, and other Chinese companies' expansion plans in Brazil, as they face slowing domestic demand and hurdles in the US and Europe — Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names …
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