NewsRoom Articles - ChineseWire

WednesdayMar 26, 2025 10:00 am

5 Key Trends in the US Mobile Payment Market

Mobile payments are rapidly becoming one of the most common ways to buy and sell goods in the U.S. With a growing number of consumers preferring to shop online rather than in physical stores, mobile payment systems have become the go-to option for millions due to their convenience and ease of use. Recent advancements in technology, coupled with a shift in consumer preferences—especially in the aftermath of the COVID-19 pandemic—have fueled the rapid growth of the American mobile payment market. As businesses across various industries increasingly adopt mobile payments, here are some of the key trends expected to shape the…

MondayMar 24, 2025 10:00 am

Latest Data Shows US Retail Sales Slowed While e-Commerce Gained Ground

Recent data from the U.S. Census Bureau reveals that retail sales have slowed nationwide amid a surge in e-commerce. A preliminary analysis of the latest retail sales figures suggests that consumers are becoming increasingly cautious with their spending, opting to save more wherever possible. As a result, retail sales in February saw only a 0.2% increase compared to January, revealing a slight uptick in consumer spending. However, the Census Bureau also found that January’s decline in retail sales was worse than initially estimated. While experts first projected a 0.9% drop, updated figures show that retail sales actually fell by 1.2%…

WednesdayMar 19, 2025 10:00 am

Florida Couple Uses Dating App to Lure Teen, Torture and Kill Her

A Florida couple has been accused of using an online dating app to lure, torture, and kill a teenage girl. The couple allegedly used dating app Grindr to lure 16-year-old Miranda Corsette to their home in St. Petersburg for a meetup in late February. After torturing and murdering the girl, the St. Petersburg Police Department says, the couple discarded her dismembered remains in a dumpster. According to the authorities, 35-year-old Stephen Gress used Grindr, a dating app that’s predominantly used by the LGBTQ community, to lure the unsuspecting teen to his house on February 4th. Corsette went back home after…

MondayMar 17, 2025 10:00 am

How Data-Driven Decisions Can Transform Business

Although data collection and analytics have always been a part of business for decades, data analytics has exploded in recent years. Experts estimate that businesses analyze around 37% to 40% of their data while 97.2% of companies invest in some kind of big data solution to inform their decision-making. Thanks to the rapid growth of e-commerce coupled with advancements in technology, businesses are now leveraging data on a massive scale. Enhanced decision-making: Using data analytics enables companies to make efficient and accurate decisions that are driven by verifiable historical and real-time data. They can use data to identify market trends,…

WednesdayMar 12, 2025 10:00 am

The Top 5 Countries with the Largest Ecommerce Markets

With revenue from the global e-commerce sector forecast to hit $4.3 trillion in 2025, e-commerce has become a dominant part of worldwide trade. The segment is extremely competitive, featuring nearly 10 major retailers across the globe, and generates trillions of dollars in revenue annually. In this maelstrom of competition, several countries have emerged as top players with the largest e-commerce markets. China’s massive e-commerce market has no equal in the world with $1.47 trillion in annual sales. The East Asian nation is home to e-commerce giants like Alibaba Group Holding Ltd. (NYSE: BABA) and its subsidiaries Tmall, Alibaba.com, and Taobao…

MondayMar 10, 2025 10:00 am

AI is Poised to Transform Movie Production, Expert Panel Says

A panel of entertainment industry experts believes that artificial intelligence (AI) is poised to revolutionize movie production. AI and its impact on entertainment was one of the main topics of discussion at Mip London, an event that brought together multiple leading production executives. Discussions centered on AI in the entertainment industry all came to a similar conclusion; artificial intelligence has the potential to transform how the entertainment sector makes movies and TV shows. The executives shared insights on how content creation is transforming thanks to AI and highlighted how the revolutionary technology can help independent producers gain a competitive edge…

WednesdayMar 05, 2025 10:00 am

Global Mobile Payment Market to Grow at a CAGR of 29.5%, Report Shows

The global market for mobile payments is predicted to grow by nearly 30% over the next 8 years. Mobile payment systems have been around for well over a decade and a half, but they didn't truly become mainstream in the West until the coronavirus pandemic hit. Lockdowns and isolation orders forced tens of millions of people to avoid physical currency in favor of contactless payments. Plenty of consumers continued using mobile payment systems even after the pandemic ended due to the ease of use and the convenience they offer. The prolific use of online shopping platforms has also contributed to…

MondayMar 03, 2025 10:00 am

Traditional E-Commerce’s Hidden Costs and What to Do to Thrive

The proliferation of internet-enabled mobile devices coupled with mobile payments has made e-commerce one of the most dominant forms of trade globally. Companies generate billions of dollars in sales on the interwebs every year thanks to the ease and convenience of shopping online, making e-commerce an incredibly lucrative industry. However, success in this sector is dependent on understanding the hidden costs involved in running an online store and coming up with sustainable ways to cover the expenses. These hidden e-commerce costs are putting increasing pressure on small businesses, eating into their profits and making it difficult for them to maintain…

WednesdayFeb 26, 2025 10:00 am

Speculation Runs High on the Future Ownership of TikTok in the US as Deadline Looms

With TikTok’s future ownership in the United States still uncertain after the Trump administration granted the app another lifeline, speculation over who will ultimately control TikTok USA is running high. The app has frequently been accused of acting against American national interests due to its aggressive data collection practices, even though it is privately owned by the Chinese firm ByteDance. Despite potential national security concerns, TikTok remains immensely popular in the U.S. and is the go-to social media platform for younger generations. Tens of millions of people across the country are waiting to see who will take ownership of TikTok…

MondayFeb 24, 2025 10:00 am

Insurers Turn to AI to Help Attract Young Clients, Transform Systems

An increasing number of insurance firms are relying on digitization to attract Generation Z and young millennial clients. According to Digital Insurance, the recent proliferation of artificial intelligence (AI) has provided insurers with highly effective AI-powered tools for attracting young clients and transforming insurance systems. Digital Insurance polled around 120 leaders and staff at insurance agencies, carriers, and tech companies on the trends to watch out for in 2025 and published the results in a January 2025 report. Respondents were asked questions about potential changes in technology spending budgets, the macroeconomic factors that could affect the insurance industry’s growth in…

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