Day: August 7, 2020

Trump Widens China Tech Attack, Ordering Bans on TikTok and WeChat

(Bloomberg) — President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45 days from now, citing the national security risk of leaving Americans’ personal data exposed.

The bans mark a significant escalation by Trump in his confrontation with Beijing as the U.S. seeks to curb China’s power in global technology. With the U.S. election less than 90 days away, Trump is making his challenge of China a central theme of his campaign, where he trails Democrat Joe Biden in the polls.

Shares of WeChat’s owner, China’s

China’s July exports rise despite coronavirus, US tariff war

Overall, exports rose to USD 237.6 billion, an improvement over June’s 3 per cent gain. Imports weakened by 1.4 per cent to USD 175.3 billion.

China’s exports rose 7.5 per cent in July over a year earlier in a positive sign for its economy’s recovery from the coronavirus pandemic. Sales to the United States rose 12.5 per cent despite a lingering tariff war with Washington, customs data showed Friday. Overall, exports rose to USD 237.6 billion, an improvement over June’s 3 per cent gain. Imports weakened by 1.4 per cent to USD 175.3 billion.

China, where the pandemic began in

WhatsApp marketing, home delivery; how retailers are selling mobile phones as market recovery waits

Retailers and offline stores have also been trying to adopt new techniques to attract customers. (Image: Reuters)

The smartphone market is expected to recover in the second half of 2020 even as it reported a nosedive in the earlier months of the year due to coronavirus. Retailers and offline stores have also been trying to adopt new techniques to attract customers, according to a report by IDC. “Many offline channel partners adopted new ways of marketing by reaching out to consumers through social media platforms, WhatsApp, references, etc., for doorstep demos and deliveries, as well as accepting contactless