Watchmaker Swatch apologises for ‘slanted eye' ad after online backlash in China
The images for the Swatch Essentials collection were widely condemned online in China, where many comments said they appeared to mimic racist taunts about Asian eyes.
In an apology posted in both Chinese and English on its official account on the Weibo social media platform Saturday, Swatch said that it has 'taken note of the recent concerns' and removed all related materials worldwide.
'We sincerely apologise for any distress or misunderstanding this may have caused,' the statement said. It also posted the same apology on Instagram.
Swatch Group did not immediately respond to a Reuters request for further comment.
Swatch, which also makes Omega, Longines and Tissot watches, is heavily exposed to China for revenue, with around 27% of the group's sales last year coming from the China, Hong Kong and Macau region.
Revenue for the watchmaker last year slumped 14.6% to 6.74 billion Swiss francs ($8.4 billion) in 2024, hit by a downturn in demand in China, where Swatch said it was seeing 'persistently difficult market conditions and weak demand for consumer goods overall'.

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‘I am your voice': Trump relaunches on TikTok with White House account
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Yahoo
an hour ago
- Yahoo
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In the evolving landscape of social connectivity platforms, Bumble BMBL and Meta Platforms META stand as two distinctive players addressing the fundamental human need for connection. Bumble, the dating and social networking platform founded in 2014, operates through its flagship app alongside Badoo and Bumble For Friends, serving approximately four million paying users globally. Meta Platforms, the social media giant formerly known as Facebook, commands an impressive 3.48 billion daily active users across its family of apps, including Facebook, Instagram, WhatsApp, Messenger, and the rapidly growing Threads operating in different segments of the social connection ecosystem, both companies face a critical juncture in 2025. Bumble is undergoing a comprehensive strategic reset under returning founder-CEO Whitney Wolfe Herd, implementing a 30% workforce reduction and pivoting toward AI-driven quality improvements. Meanwhile, Meta Platforms is aggressively investing in artificial intelligence and its next-generation Llama 4 models, with capital expenditures expected to reach $66-$72 billion in 2025. The timing makes this comparison particularly relevant as investors evaluate which social connection stock offers superior growth delve deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now. The Case for BMBL Bumble's investment thesis centers on its ongoing transformation and potential for operational improvement. The company recently appointed Kevin Cook as CFO in August 2025, bringing more than 30 years of financial management experience from companies like Cloudera and Barracuda Networks. This leadership change, combined with founder Whitney Wolfe Herd's return as CEO, signals a renewed focus on strategic execution. 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Earnings per share reached $7.14 while net income surged 36% to $18.34 billion. This performance strength extends into the third quarter of 2025, with guidance projecting revenues between $47.5 billion and $50.5 billion, representing 17-24% growth. Meta Platforms' advertising business, generating 98% of total revenues, continues demonstrating remarkable resilience with ad revenues reaching $46.6 billion, benefiting from AI-driven improvements that increased ad conversions by 5% on Instagram and 3% on Platforms' strategic positioning in AI represents a significant competitive advantage, backed by substantial investment, with 2025 capital expenditures expected between $66 billion and $72 billion. The company established Meta Superintelligence Labs and is advancing its Llama 4 model series, with Scout and Maverick variants already released and the powerful Behemoth model still in training. 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The company's advertising business remains remarkably resilient, generating strong cash flows, funding aggressive AI investments while maintaining 43% operating margins. META's diversified platform ecosystem provides multiple expansion avenues. Despite premium valuation, META's proven execution, technological advantages, and financial strength position it for sustained outperformance. Investors should actively track META stock for attractive entry points while adopting a wait-and-see approach with Bumble until clearer evidence emerges of successful turnaround execution. Meta Platforms stock carries a Zacks Rank #3 at present. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bumble Inc. (BMBL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Miami Herald
an hour ago
- Miami Herald
India and China to explore border demarcation amid US tensions
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