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Honor Smartphone: Chinese smartphone brand Honor has faced criticism over the pricing of its first device in India, leading to a permanent price cut. The smartphone was launched at Rs 37,999 but the company advertised a lower price during the launch, which included discounts and additional offers. However, potential customers expressed dissatisfaction with the bundled TWS earbud.
Asia Gold: Indian dealers offered discounts of up to $4 an ounce over official domestic prices - inclusive of 15% import and 3% sales levies, versus last week's discount of $6.
Since 2019, western e-commerce platforms like Amazon and Facebook have experimented with livestreaming e-commerce after seeing the success of Chinese platforms like Alibaba's Tmall and Taobao, and Douyin, TikTok's Chinese counterpart in China.
Smartphones from Chinese retailers like Xiaomi and Realme have become top sellers in Russia after Samsung and Apple curbed sales in the country over the war in Ukraine.