
China Private Wage Data Goes Dark With Jobs at Risk From Tariffs
One of China's largest online recruitment platforms has quietly stopped providing wage data it's compiled for at least a decade, making it more difficult to gauge the health of the world's biggest labor market just as it comes under strain from US tariffs.
Zhaopin Ltd. has yet to publish its reports on average wages companies offered to new hires in 38 key cities for the past two quarters. It's previously released them regularly within the first month after each quarter ended.

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Bloomberg
38 minutes ago
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Tencent-Backed MiniMax Releasing AI Tools to Take On Manus
Chinese upstart MiniMax is slated to roll out a pair of AI products that autonomously perform tasks on behalf of users, upping its game in the realm of agentic AI against the likes of OpenAI and Manus. The products include a general AI agent similar to that of Manus that solves everyday tasks, and another autonomous tool for video generation, according to a person with direct knowledge of the matter. The Shanghai-based company plans to roll out the services to the public this week, said the person, who asked to not be identified discussing private information.


Entrepreneur
39 minutes ago
- Entrepreneur
Honasa, Pocket Entertainment, and Slikk Announce Key Appointments
Honasa names Yatish Bhargava as Chief Business Officer, Pocket Entertainment promotes Umesh Bude to CTO, and Slikk appoints Sachin Kataria to lead its Beauty and Personal Care vertical. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Honasa Consumer Appoints Yatish Bhargava as Chief Business Officer Honasa Consumer, the parent company of popular beauty and personal care brands like Mamaearth and The Derma Co., has named Yatish Bhargava as its new Chief Business Officer. In his new role, Bhargava will lead business operations across Honasa's brand portfolio and sales channels, with a focus on strengthening category leadership and driving omnichannel growth. Bhargava brings with him extensive experience from senior roles at Flipkart and Hindustan Unilever, where he led initiatives across general trade, modern retail, and ecommerce. He holds an MBA from the Indian Institute of Management, Lucknow. "With a strong track record in P&L management, GTM strategy, and execution, Yatish brings the right balance of strategic insight and operational rigour needed for this phase of our journey," said Varun Alagh, Co-founder and CEO of Honasa Consumer. Bhargava's appointment comes after the resignation of former CBO Zairus Master in February. The company recently restructured its leadership team, elevating Karan Bajwa as Chief Human Resources Officer and Avinash Dhagat as Chief Supply Chain Officer. In Q4 FY25, Honasa reported a net profit of Rs 24.9 crore, an 18% decline from the previous year. However, its revenue rose 13% year-on-year to INR 533.5 crore. Pocket Entertainment Elevates Umesh Bude to CTO AI storytelling leader Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel, has announced the promotion of Umesh Bude to Chief Technology Officer (CTO). Formerly the Senior Vice President of Engineering, Bude will now oversee the company's overarching technology strategy as it deepens its commitment to AI-powered storytelling. In his new role, Bude will lead innovation across all platforms, focusing on building immersive, AI-enhanced user experiences and driving the company's vision of turning technology into an active storytelling partner. "It's a privilege to take on this responsibility at such an exciting time for Pocket Entertainment," said Bude. "I look forward to driving the next wave of innovation, where technology and AI are not just enablers, but storytellers in their own right." With nearly 20 years of experience in engineering, data science, and platform security, Bude has played a crucial role in scaling the company's tech infrastructure from the ground up. His promotion reflects Pocket Entertainment's growing emphasis on fusing technology with creativity. "We are at a pivotal moment in our journey where technology and creativity are deeply intertwined," said Prateek Dixit, Co-founder of Pocket Entertainment. "Umesh's elevation is a reflection of our ambition to lead this transformation from the front. His leadership will be central to creating intelligent, emotionally aware experiences that push the boundaries of what storytelling can be." Bude will continue reporting to Dixit as he leads the development of next-gen AI capabilities, ensuring Pocket Entertainment remains at the forefront of responsible and transformative innovations in entertainment technology. Slikk Appoints Sachin Kataria to Lead Beauty and Personal Care Vertical Gen Z-focused quick commerce platform Slikk has announced the appointment of Sachin Kataria as Head of Beauty and Personal Care (BPC), marking a major milestone in its expansion into the beauty and wellness space. With over 17 years of experience, Kataria will lead Slikk's newest vertical as part of the Founder's Office. A former Vice President at Nykaa, Kataria brings deep domain knowledge in beauty, personal care, and consumer tech. "I've always believed that beauty is deeply personal—but it's also rapidly evolving," said Kataria. "Slikk's model offers a unique opportunity to reimagine how beauty can be discovered, experienced, and delivered. I'm excited to build this vertical from the ground up." Founded in 2024 by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk delivers fashion and lifestyle products within 60 minutes across Bengaluru. The company is now eyeing beauty and self-care as key growth engines. "Sachin's depth of experience in building and scaling consumer businesses makes him the ideal leader to build our beauty and personal care vertical," said Co-founder Akshay Gulati. "This is a key milestone in accelerating our vision to become India's fastest and most reliable lifestyle marketplace." Backed by USD 10 million in Series A funding led by Nexus Venture Partners, Slikk aims to offer high-performance beauty assortments, strategic brand tie-ups, and seamless quick-commerce experiences for India's next-gen consumers.


Newsweek
an hour ago
- Newsweek
Made-in-America Trump Phones Will Cost Double the Advertised Price
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A new smartphone under President Donald Trump's brand, which was unveiled by his eldest sons on Monday, will cost well above its advertised price of $499 if it is indeed manufactured in the U.S., experts have told Newsweek. "A phone truly made in the U.S. today would likely cost well over $1,000," said Tinglong Dai, a supply chain expert and professor at the Johns Hopkins Carey Business School. "Without access to Asia-based manufacturing and scale, the economics simply don't work." Newsweek has reached out to Trump Mobile, the company behind the phone and new cellular service, for details on where the T1 smartphone will be manufactured. Why It Matters Trump and his administration have already put a significant political and economic premium on companies manufacturing in the U.S.—this being one of the principal goals of his trade agenda—while threatening companies who refuse to relocate production with punitive tariffs. Experts have already cast significant doubt the claim made by the Trump Organization and its representatives that the new T1 smartphone, set for launch in a few weeks, can or will be made in America. They have pointed to the marked disparity in labor costs between the U.S. and China, as well as the latter's heavily developed and specialized industrial ecosystem, tailor-made for the mass assembly of such technologies. What To Know On Monday, The Trump Organization, the umbrella company for the president's business ventures now managed by his sons Eric and Donald Jr., announced the launch of T1 Mobile, a full-suite cellular service managed by the newly formed Trump Mobile and aimed at America's "hardest-working people." While customers are able to switch onto this service—and its flagship "47 Plan"—with their current devices, the company also unveiled the T1 Phone, described as a "sleek, gold smartphone…proudly designed and built in the United States." On the Trump Mobile website, the phone is similarly billed as "MADE IN THE USA," and available for pre-order ahead of its September release, with a price tag of $499 and a down payment of $100. In an interview with conservative host Benny Johnson, Eric Trump said that the phones could be manufactured domestically, and that "eventually, all the phones will be built in the United States." A spokesperson for the Trump Organization told The Wall Street Journal that production "will be in Alabama, California and Florida." Donald Trump Jr. participates in the announcement of Trump Mobile, in New York's Trump Tower on June 16, 2025. Donald Trump Jr. participates in the announcement of Trump Mobile, in New York's Trump Tower on June 16, 2025. Richard Drew/AP Photo Currently, the only company manufacturing smartphones entirely within the U.S. is Purism, whose Liberty Phone is produced at its facility in Carlsbad, California, and retails for $1,999. In an interview with 404 Media published in April, Purism's founder and CEO Todd Weaver said that the smartphone relied on the use of certain imported components and leveraged knowledge gained from consultations with Chinese designers and manufacturers. Weaver also noted the superior technical knowledge in China, telling the outlet: "You could count the number of skilled electronics engineers on U.S. soil, and there's probably a million in Shenzhen alone." As experts told CNN, images of the new T1 phone closely resemble many already available on the market, including the Revvl 7 Pro 5G, designed and made by Jiaxing, China-based firm Wingtech Technology. Robert D. Atkinson, founder and president of the Information Technology and Innovation Foundation (ITIF), a D.C.-based think tank, told Newsweek that the only way for Trump Mobile to follow through on its promise of an American-made smartphone would be to "build a highly automated factory," otherwise high labor costs would make it "very hard, if not impossible to keep the price under $500." He added that it would only make sense to construct such a factory if sales were sizeable, given the capital required for equipment and software, but that it was still possible. "The Trump Organization could easily find a company, like Rockwell automation, to build them a highly automated factory," he said. " And the skills to operate it could be developed, especially if there was a community/technical college nearby that established a training program." Dai similarly said a U.S.-made phone could be possible, albeit "in the very long run," and that doing so by its advertised September launch "without a working prototype or supply chain in place, would take nothing short of a miracle." He added that the Federal Trade Commission (FTC) places stringent requirements on companies who wish to put the "Made in USA" label on their products. According to FTC guidelines, this can only be done if "the final assembly or processing of the product occurs in the United States, all significant processing that goes into the product occurs in the United States, and all or virtually all ingredients or components of the product are made and sourced in the United States." What People Are Saying Economist Susan Helper told Newsweek that it was currently "not feasible" to make phones in the U.S., "but if we wanted to build toward this, we could make them (or next generation) here in say five to 10 years." She added that using U.S. strengths, such as 3D printing—"rather than millions of people screwing in tiny screws"—the final product "wouldn't necessarily be so much more expensive." Todd Weaver, CEO of Purism, told CNN: "Unless the Trump family secretly built out a secure, onshore or nearshore (fabrication) operation over years of work without anyone noticing, it's simply not possible to deliver what they're promising." What Happens Next? Alongside lingering questions over the origin of the T1, and its reliance on imported components, Trump Mobile and the Trump Organization have provided conflicting details on the official launch date: the former listing this as August, and the latter as September.