Moving to counter rising costs, the company is introducing a “holiday peak fulfillment fee” to sellers that use its e-commerce platform. It also plans to hold a second deals event for Prime members. Read More...
Reuters
Apple supplier Foxconn to invest $300 million more in northern Vietnam – media
Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will generate 30,000 local jobs, the Tuoi Tre newspaper said. Foxconn, formally called Hon Hai Precision Industry Co, and Kinh Bac City did not immediately respond to requests for comment.
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