China’s economic bright spots provide a warning - Chinese manufacturing has unnexpectedly picked up slightly with increased exports to the US. An interesting point made is that family run factories are now able to send products direct to consumers, which they are experimenting with via companies like Shein and Temu. I heard via Bennedict Evans on his podcast that large clothes stores like Zara and H&M are complaining they still have to pay lots of import tax on their container shipments, something the direct to customer shipers manage to avoid in many cases. economist.com #
Saturday, March 16, 2024
What happened when the world’s most populous nation turned off TikTok - There was a period of opportunity for local social media apps, followed by massive competition from large US companies. They eventually took most of the displaced users. People still say the Tik Tok app experience was way better, abd many doubt the ban made any difference to user safety. edition.cnn.com #
🚀 Latest Newsletter: Compositing the Sistine Chapel (Issue #155) markjgsmith.com #