
TikTok's owner wanted to publish books, not anymore
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When 8th Note Press launched in the summer of 2023, the small publisher had a big advantage over other new presses. It was started by Chinese technology company ByteDance , the owner of TikTok , the wildly popular social media platform where viral endorsements can transform books into bestsellers overnight.That was not enough, it seems, to build a successful publishing business. In late May, 8th Note Press began informing writers that it was shutting down and returning publication rights to the authors.News of the press's demise, which was reported earlier by the The Bookseller, came as a shock to authors who were swayed by the possibility that 8th Note could help engineer bestsellers with elaborate marketing campaigns on TikTok. Instead, 8th Note has started taking down digital editions of their books, effectively unpublishing them.Literary agent Mark Gottlieb, who sold the debut novel "To Have and Have More" to 8th Note, said the company was doing "irreparable damage" to its authors by shutting down so haphazardly. While publishing imprints frequently come and go, the books and authors they publish are usually moved elsewhere within the parent company, rather than being taken out of circulation entirely. If a book is published then quickly disappears, it can be difficult to resell it to another publisher, Gottlieb said."They're wrecking careers in the process of doing this," he said of 8th Note. "If you're an author and this is your first book, what the history is going to show is that your book published and quickly went out of print."The publisher's precipitous fall was surprising, given its parent company's vast resources and reach.Just last year, the press seemed poised to expand. In October, its executives announced a partnership with the publisher Zando to put out print editions of its books and distribute them to physical bookstores. The plan was to release 10 to 15 titles a year, with a focus on romance, romantasy and young adult fiction. Later, the imprint indicated to agents that it was expanding into science fiction and fantasy.Representatives for 8th Note Press and ByteDance did not respond to requests for comment, and representatives for Zando declined to comment.The closure of 8th Note comes at an uncertain time for TikTok, as the prospect of a U.S. ban on the app looms. On Thursday, President Donald Trump again extended the deadline for ByteDance to find a new owner for TikTok so that it can continue to operate in the United States.The publisher acquired more than 30 titles in its first year, and authors and agents who struck deals said part of the appeal was the imprint's parent company -- and the prospect that 8th Note could deliver sophisticated digital marketing campaigns that took advantage of ByteDance's data on TikTok trends and influencers. But despite its built-in promotional power, 8th Note did not deliver any breakout blockbusters, and some agents say it did little to market many of its titles. Currently, digital editions of many of its titles are no longer for sale, though print editions for some titles released with Zando can still be purchased."It's been so unfortunate for the authors," said Jill Marr, an agent at the Sandra Dijkstra Literary Agency, who represents two authors who write under the pseudonym June Kaye.After selling the rights to Kaye's novel, "37 Questions," to 8th Note in November, the publication did not proceed smoothly, Marr said. The editor who acquired the book departed and wasn't replaced. Royalty statements and sales figures that were due to arrive at the end of May still haven't come in, she said.The novel had an extremely short retail run: It was released digitally in February and taken down after just a few months.Now her authors are hoping to find another publisher willing to take a chance on their debut, but they are saddled with a launch that sputtered."I'm going to try to resell it to other publishers, but it's difficult because we didn't have time to gain any traction," Marr said. "They're devastated."
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Economic Times
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For China, it threatens its stronghold on global high-tech manufacturing. Earlier this year, Foxconn, Apple's long-time assembler, had pressed ahead with a $1.5 billion display module plant near Chennai. The unit was slated to make the part under an iPhone's glass screen that controls touch and display Nadu's state government had approved the plan last October. Indian officials had expect it to add about 14,000 jobs, a tidy boost for India's growing electronics behind the scenes, China is now quietly tightening the screws. Bloomberg revealed yesterday that more than 300 skilled Chinese engineers who taught Indian workers how to run precision assembly lines have been asked by Foxconn to leave India. No official reason, just a quiet exit. The impact is anything but silent. These technicians brought decades of process know-how from Shenzhen's vast factories. Without them, Foxconn expansion plans in India may not go as smooth as it would have US, too, is not exactly cheering India's gain. When Trump launched his first China trade war in 2018, companies scrambled to find new bases. India was slow to catch up then. Now, as China battles rising costs, with new tariffs being imposed every other month, India has never looked more attractive for Trump's 'America First' pitch was brought to the forefront as he sought to charge exorbitant tariffs on every nation that sought to export to Americans. He insisted that Apple must also 'make in America.' For Apple, that's far from easy. US wages are high. Large-scale electronics assembly needs armies of trained workers. Those don't appear Apple chose to stick with its India plan. In May, officials told FT that by the end of next year, Apple aims to make all 60 million iPhones sold in the US in Indian plants. In 2024, India already produced 18% of global iPhone output. Counterpoint Research expects this share to reach 32% in 2025. 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Former Foreign Secretary Vijay Gokhale summed up the mood: China sees India's manufacturing rise as 'a direct threat, not just a parallel development.' India's phone surge didn't happen by accident. Foxconn, Tata Electronics, Corning, big names are pouring billions into Indian supply lines. FT reported Corning will soon start making Apple's scratchproof glass in Tamil own officials know what's at stake. 'We are looking at building the entire value chain in India itself,' said Ekroop Caur, secretary for electronics in Karnataka. The aim: not just assemble phones, but design and supply every vital isn't just a trade story. The way screws, screens and circuit boards move around the world now shapes how countries negotiate, from trade talks to climate pacts and military knows that whoever controls the factories holds the upper hand. 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an hour ago
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Why is China waging a low-intensity war on Indian manufacturing? Live Events You Might Also Like: Foxconn recalls Chinese staff from India, disrupting Apple's iPhone 17 plans Can China hobble India's rise as a manufacturing power? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In recent months, geopolitical undercurrents have intensified between Asia's two largest economies, India and China. While the military standoff in Ladakh's Galwan Valley in 2020 marked a turning point in bilateral relations, a quieter but far more consequential confrontation is now unfolding. China is trying to undermine India's manufacturing ascent through strategic export denials, regulatory pressure and skilled labour restrictions. Several steps taken by China in the past few months indicate a well-formed strategy to hobble India's rise as a manufacturing power just when many factors align to help India's dependence on Chinese imports in several sectors, China can seriously hamper India's dream of becoming a rival manufacturing power. But in the long run, its obstructive measures will only help India gain economic strategy appears to be increasingly shaped by the need to maintain its dominance as the world's factory, especially as global manufacturers pursue the 'China Plus One' strategy to diversify supply chains. India, with its vast labour force, growing infrastructure and government-backed industrial policies, is emerging as a prime alternative. This transition poses a direct threat to China's central role in global recent actions suggest it is deploying several tools to delay or derail India's industrial ambitions. Bloomberg reported on Wednesday that over 300 Chinese engineers employed by Foxconn in India have been recalled to China, reportedly due to regulatory pressure from Beijing. These engineers were supposed to be critical to the upskilling of Indian teams at Foxconn's iPhone assembly lines, a process essential to ramp up production of future models like the iPhone China has either halted or significantly delayed exports of key materials to India, including rare earth magnets (vital for manufacturing electric vehicles), specialty fertilisers (essential for Indian agriculture), and even tunnel boring machines (critical for infrastructure projects like metros and smart cities). These are not isolated trade hiccups but part of a broader strategy to weaponize trade and technology transfers. Beijing is keen to prevent a large-scale migration of Chinese technology and manufacturing expertise to India. By restricting technology and skilled labour exports, China aims to create bottlenecks in India's supply chain just as it begins gaining global could be two key motivations behind China's behaviour. India's post-Galwan measures, such as tightened scrutiny of Chinese FDI, banning hundreds of Chinese apps and blocking Huawei and ZTE from 5G trials in 2021, have significantly curtailed China's economic leverage in India. Denied access to one of the world's largest markets, Beijing may be retaliating economically to assert its relevance and influence. Secondly, China wants to strengthen a pre-emptive control of supply chains. As India's PLI schemes begin to yield tangible results -- Apple boosting iPhone production, semiconductor plans taking off and India becoming a major mobile phone exporter -- China wants to prevent a global narrative shift from 'Make in China' to 'Make in India".India's dependence on China for several intermediate goods, especially in electronics, EVs, chemicals and rare earth elements, is substantial. China controls more than 85% of global rare earth processing, and a large portion of Indian imports for electronics manufacturing still originate from China. In the short term, China's restrictions can cause delays, cost overruns and capacity the long-term picture is more nuanced. The exit of Chinese engineers from Foxconn's Indian operations is deemed to have a "negligible" impact, as per Apple analyst Ming-Chi Kuo. He noted that there were not many Chinese employees at the company's India iPhone facilities. Production capabilities at Foxconn's India iPhone facilities were established by the company's Taiwanese employees, like those from FIH's Minsheng plant, not Chinese employees, he said. Even amid US tariff threat over iPhones, Foxconn has not slowed down its ongoing mega expansion in India. This indicates that while Chinese know-how may have played a critical role in the initial ramp-up, Indian talent and local engineering capabilities are set to mature global firms are increasingly bullish on India. Apple's contract manufacturers, including Foxconn, Pegatron and Wistron (now owned by Tata), continue to expand their Indian footprints. With supply chain diversification being a geopolitical imperative for Western companies, India remains a central part of this new global manufacturing has recognized the vulnerabilities arising from over-reliance on China and has responded with a mix of policy, investment and diplomatic initiatives. India is offering financial incentives across 14 sectors -- including semiconductors, electronics, EVs and pharmaceuticals -- to attract investment and scale up manufacturing. The PLI scheme has already contributed to India becoming the second-largest mobile phone producer in the in a direct response to China's rare earth squeeze, India is preparing a Rs 3,500–5,000 crore PLI scheme to boost the local manufacturing of rare earth magnets. Under this scheme, Sona Comstar, a major importer of these magnets, has announced plans to produce them domestically, signaling industry alignment with national goals. India is actively exploring alternate sources for specialty fertilisers and critical minerals, including deals with countries like Australia, Vietnam, and African nations. This aims to insulate agriculture and green energy sectors from Chinese pressure. India is investing heavily in upskilling its labour force and creating engineering talent pipelines to reduce dependency on Chinese programmes and partnerships with industry are part of this push. India is negotiating trade agreements with the US and EU while it has already signed an FTA with the UK. These deals will open up new export markets and attract investment, helping India position itself as a global manufacturing hub outside China's manufacturing ecosystem is still young, but it is evolving rapidly, powered by a combination of global realignment, domestic ambition and geopolitical support from the West. China's export denials and covert trade obstructionism are signs of concern but they also reflect a realization that India is no longer just a large market -- it is a serious manufacturing contender .Ultimately, China's restrictions may serve as an accelerator rather than an obstacle. They are pushing India to build domestic capabilities, diversify partnerships, and focus on resilience. If India continues on its current trajectory - with strategic clarity, global cooperation, and internal reforms - it has the potential not just to withstand China's pressure, but to emerge stronger from it.