Latest news with #DebbyWu
Mint
25-05-2025
- Business
- Mint
China Publishes Draft Guidance for Online-Platform Merchant Fees
The Chinese regulator has published draft guidelines for fees online platforms charge third-party merchants, an important source of revenue for companies including Meituan and PDD Holdings Inc. Companies that operate online platforms should charge reasonable fees and take into account factors like the operational status of merchants with which they do businesses, the State Administration for Market Regulation, the country's anti-monopoly regulator, said in a statement on Sunday. The regulator said the deadline for feedback on the draft guidance is June 3. This is the latest in a series of steps by Beijing to support local merchants that are under pressure from a sluggish local economy and a trade war with the US, and also have to deal with online platforms' longtime customer-first approach. The platforms should set flexible pricing strategies for charges including commission, membership and service fees to reduce merchants' burdens, and they should offer better support to smaller businesses, according to the statement. The guidance was issued after complaints from merchants about issues including 'complicated and non-transparent' charges on the platforms, the regulator said. It is intended to help platform companies improve fee-related compliance frameworks and encourage the healthy development of the industry, according to the statement. China Asks Online Platform Cos. to Support Individual Businesses Beijing has been increasing efforts to rein in online platforms' consumer-first practices, which merchants say affect margins. Late last year, the regulator and the Ministry of Commerce told PDD Holdings executives that its policy which allows shoppers to claim refunds without returning purchased goods placed an unfair burden on small merchants, people familiar with the matter said. Chinese merchants are also facing further pressure from the US' cancellation of a loophole that exempted smaller packages shipped to America from tariffs. De Minimis — which loosely translates as 'too small to matter' — merchandise was allowed to be shipped directly to US consumers from abroad, usually bypassing warehouses and distribution hubs. The US introduced tariffs on these shipments from May 2. With assistance from Debby Wu. This article was generated from an automated news agency feed without modifications to text.
Bloomberg
20-05-2025
- Business
- Bloomberg
China Accuses US of Undermining Trade Talks With Warnings Against Huawei Chips
By and Debby Wu Updated on Save Takeaways NEW Supply Lines is a daily newsletter that tracks global trade. . The Chinese government accused the Trump administration of undermining recent trade talks in Geneva after it warned that using Huawei Technologies Co.'s artificial-intelligence chips 'anywhere in the world' would violate US export controls.
Bloomberg
15-03-2025
- Business
- Bloomberg
Singapore's Connection to One of the Toughest Jobs in Tech
Welcome to the Singapore Edition newsletter. Each week we'll bring you insights into one of Asia's most dynamic economies. If you haven't yet, please sign up here. This week, Debby Wu looks at Singapore's connection to one of the toughest tasks in the global tech industry, Ishika Mookerjee examines the Chocolate Finance scare, and Alfred Cang prepares for an invasion of little monsters.
