China

Meituan’s local commerce CEO, Wang Putao, addressed concerns about China’s food delivery “war,” acknowledging user anxieties and merchant fatigue caused by intense competition and subsidies. He suggested a return to “rational business judgment” as a path to resolution. Wang outlined potential war-ending scenarios, including annexation, stalemate, or external intervention. Industry insiders view the delivery battle as a platform competition for instant retail dominance, but the long-term sustainability of heavy subsidization is questioned. The benefits for riders and consumers are likely temporary.

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NVIDIA CEO Jensen Huang addressed the China International Supply Chain Expo in Mandarin, marking his first public speech in the language. He discussed NVIDIA’s history, its pivotal role in AI development through GPUs and accelerated computing, and its partnerships with Chinese companies. Huang highlighted the transformative impact of AI, particularly in China, across various industries and its contribution to open-source models. He emphasized AI’s role as future infrastructure, driving a new industrial revolution and growth opportunities for China’s supply chain. He also switched from a Tang suit to his signature leather jacket during the event.

Shortly after Nvidia’s H20 chip sale to China was approved, AMD confirmed it will resume exporting its MI308 chip to the Chinese market. The U.S. Department of Commerce will review AMD’s license application. These AI hardware export restrictions, imposed by both the Biden and Trump administrations, have negatively impacted AMD’s financials, with potential losses reaching $800 million. The policy shift allowing MI308 exports is a boost for AMD, reflected in a nearly 5% stock price surge. This decision marks a policy reversal, particularly from the previous Trump administration’s stance.

At the Chain Expo in Beijing, Nvidia CEO Jensen Huang replaced his signature leather jacket with a traditional Tang suit, a move seen as a gesture of respect for the Chinese market. This follows Huang’s earlier appearance in his trademark jacket despite the heat. Huang is in China for Nvidia’s debut at the Expo, where he will deliver his first public speech in Mandarin. This coincides with the U.S. government authorizing the export of Nvidia’s H20 chip to China, enabling the company to resume sales in the region.

Nvidia’s stock surged after CEO Jensen Huang’s Beijing visit sparked optimism about resuming H20 chip sales to China, adding almost $200 billion to its market cap. AMD also saw gains. The H20 is a modified chip designed to comply with U.S. export rules. Despite Nvidia’s optimism, uncertainties remain due to U.S.-China relations and growing competition from domestic Chinese companies like Huawei, which could impact long-term market share.

Nvidia CEO Jensen Huang visited Beijing for the China International Supply Chain Expo (CISCE), marking his third trip to China this year. He met with CCPIT Chairman Ren Hongbin and is scheduled to give a speech in Mandarin, his first public address in the language. Huang emphasized the importance of global supply chains for AI advancement and highlighted China’s significance for U.S. companies and AI research. His frequent visits demonstrate Nvidia’s commitment to the Chinese market despite geopolitical complexities and signify Nvidia’s strategic focus on the region.

equivalent, is the integration of artificial intelligence into the country’s sprawling agriculture sector. AI is being used to monitor crops, manage irrigation, and even predict yields, leading to greater efficiency and productivity. This technological upgrade is touted to be a key factor in ensuring China’s food security and sustainability in the face of growing population and

Want Want Milk, a popular childhood drink in China, is rebranding overseas as “HOT-KID MILK FLAVORED DRINK,” a literal translation designed to appeal to Western markets. The name change has generated both amusement and curiosity. While the iconic imagery of the boy with a bowl cut remains, the rebranding aims to introduce this beverage, deeply ingrained in Chinese culture since 1996, to a new international audience. Want Want Group, founded in Taiwan in 1962, built the brand with memorable advertising campaigns in China.

Sam’s Club in China faces customer backlash due to changes in product selection. Members are complaining about the discontinuation of popular items with high repurchase rates and the introduction of products they deem to be of lower quality, like a low-sugar Orion Pie. Some express frustration that the curated shopping experience they pay for is being compromised by items available in ordinary stores. Customer service acknowledges the changes and promises to improve product quality.