TikTok in limbo, and Xiaomi’s EV crisis

Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.

INDUSTRY BRIEF: China appeals EU’s EV tariffs to WTO

China has filed a complaint with the World Trade Organization protesting the European Union’s recent decision to levy anti-dumping tariffs against Chinese electric vehicles (EVs), Reuters reported. The complaint, filed…