Apr 29, 2024 01:18 PM

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Daily Tech Roundup: China Offers Subsidies for Car Trade-Ins, Shein Faces Tougher Digital Rules in EU

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Clothing on display at Shein's headquarters in Singapore on June 19, 2023. Photo:VCG

Clothing on display at Shein's headquarters in Singapore on June 19, 2023. Photo:VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

China offers subsidies for new EV and low-emission gasoline vehicle trade-ins

After a sluggish early start to the year for new vehicle sales, China’s regulatory authorities have launched subsidies for prospective buyers to stimulate demand for electric and low-emission gasoline vehicles by encouraging consumers to trade in old cars for new ones.

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