Tag: Corporate Social Responsibility

TikTok Bill Would Complicate ByteDance Investments if Passed

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For years, the U.S. investors who backed ByteDance, the Chinese internet company that owns TikTok, have wrestled with the complexities of owning a piece of a geopolitically fraught social media app. Now it’s gotten even more complicated. A bill to force ByteDance to sell TikTok is winding its way through the Senate after sailing through the House this month. Questions about whether TikTok’s Chinese ties make it a national security threat are mounting. And U.S. investors including General Atlantic, Susquehanna International Group and Sequoia Capital — which collectively poured billions…

Volkswagen and BASF Are Reconsidering Ties to Xinjiang, China

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Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new international scrutiny of forced labor by predominantly Muslim ethnic groups. Volkswagen said last week that it was in discussions with one of its main joint venture partners in China, the state-owned Shanghai Automotive Industry Corporation, in the wake of allegations of human rights violations at their joint venture in Xinjiang. The companies are examining “the future direction of the…

Meta’s ‘Biggest Single Takedown’ Removes Chinese Influence Campaign

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On Feb. 27, an article claiming that the United States was behind the bombing of the Nord Stream underwater pipelines in the Baltic Sea was published on the Substack and Blogspot blogging platforms. Within 24 hours, the article — and other versions of it — had been posted to more websites, including Reddit, Medium, Tumblr, Facebook and YouTube. Translations of the article in Greek, German, Russian, Italian and Turkish also began appearing online. The posts were part of a Chinese influence campaign that stands out as the largest such operation…

Shein Flew Influencers to China to Help Its Image. A Backlash Ensued.

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When the ultrafast-fashion retailer Shein invited Kenya Freeman on a free two-week trip to China, she was thrilled. It has become a status symbol for Instagram and TikTok creators to be taken on paid excursions by brands, and Ms. Freeman, who had also been designing clothes for Shein for two and a half years, saw it as a major opportunity. But while brands often plan such trips to promote new products or generate online buzz, Shein’s pitch was unusual: She was among half a dozen influencers in the United States…

The Toll That Twitter’s Glitches Is Taking on Chinese Activists

Chin@Strategy

In November, Bao Pu, a veteran human rights activist who was visiting Beijing, posted videos on Twitter of university protests against China’s tough coronavirus lockdown orders. He gained over 10,000 followers in subsequent weeks. But friends and fellow activists soon told him they were having a hard time finding his posts — and even his account — on Twitter. “I was shocked,” said Mr. Bao, who is based in Hong Kong. He said he feared that Twitter was “putting a limit on the influence” that he could have. More than…

The People Onscreen Are Fake. The Disinformation Is Real.

Chin@Strategy

Although the usage of deepfakes in the recently discovered pro-China disinformation campaign was ham handed, it opens a new chapter in information warfare. In recent weeks, another video using similar A.I. technology was uncovered online, showing fictitious people who described themselves as Americans, promoting support for the government of Burkina Faso, which faces scrutiny for links to Russia. A.I. software, which can easily be purchased online, can create “videos in a matter of minutes and subscriptions start at just a few dollars a month,” Mr. Stubbs said. “That makes it…

Global Car Supply Chains Entangled With Abuses in Xinjiang, Report Says

Chin@Strategy

Many of those suppliers run through China, which has become increasingly vital to the global auto industry and the United States, the destination for about a quarter of the auto parts that China exports annually. Xinjiang is home to a variety of industries, but its ample coal reserves and lax environmental regulations have made it a prominent location for energy-intensive materials processing, like smelting metal, the report says. Chinese supply chains are complicated and opaque, which can make it difficult to trace certain individual products from Xinjiang to the United…

What Dominated the World Economic Forum

Chin@Strategy

Davos’s talking points The annual World Economic Forum, delayed from its normal winter date by Covid, has wrapped up. The high-profile conference, which draws leaders from government, business and nonprofits, has returned for the first time since coronavirus shut down the world — but in the midst of a war in Europe. DealBook was on hand, and here are our big takeaways: Executives are worried about a slowdown. Nearly every conversation with chief executives was dominated by how to handle rising interest rates, inflation and supply chain shocks, with the…

Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces

Chin@Strategy

Chinese consumers “are edgy, they’re worried about the future,” Mr. Dunne said. “It’s a double whammy that Tesla confronts in China.” Tesla shares are reacting in part to the same forces that are roiling stock markets around the world: war in Ukraine, rising interest rates, the threat of recession, supply chain chaos and surging inflation. But Tesla shares have fallen much more than other Silicon Valley giants like Apple or Alphabet, the company that owns Google. Tesla accounted for three-quarters of the electric cars sold in the United States last…