Swedish furniture retailer IKEA has withdrawn a television advertisement in China featuring a mother who threatened to disown her unmarried daughter after it unleashed a wave of criticism on social media for being sexist and insulting to single women.
The 30-second advertisement showed a family dinner scene where a Chinese mother declared sternly to her somber-looking daughter: “If you cannot bring back a boyfriend, don’t call me Mum.”
A young man then appeared at the door with flowers and the delighted parents set up their dining table with IKEA tableware and decorations. The scene ended with the tagline “celebrate everyday’s life.”
IKEA apologized for the advertisement after critics said it stigmatized China’s young single women, who are colloquially known as the “leftover women,” a term coined to refer to professional women who have not married by their late 20s.
Young Chinese women have in recent years fought back against such discrimination.
“The TV ad has been withdrawn from all channels by IKEA China,” the Swedish retailer’s China spokeswoman Linda Xu (許麗德) said.
“We understand the concern caused by this TV advertisement and sincerely apologize for giving the wrong perception,” the company said in a statement.
IKEA’s apology, which was uploaded on Weibo (微博), China’s equivalent of Twitter, prompted more than 1,500 comments, where users called the advertisement “disgusting” and “old-fashioned,” with some calling for a boycott of IKEA products.
“This is clearly sexist, I am disappointed,” a user wrote on Weibo.
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Saudi Arabian Oil Co (Aramco), the Saudi state-owned oil giant, yesterday posted first-quarter profits of US$26 billion, down 4.6 percent from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco had revenues of US$108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. The company saw US$107.2 billion in revenues and profits of US$27.2 billion for the same period last year. Saudi Arabia has promised to invest US$600 billion in the US over the course of US President Donald Trump’s second term. Trump, who is set to touch
SKEPTICAL: An economist said it is possible US and Chinese officials would walk away from the meeting saying talks were productive, without reducing tariffs at all US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks yesterday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post early yesterday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner.” The second day of closed-door meetings between US Secretary of the Treasury Scott Bessent, US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng (何立峰) were due to restart yesterday morning, said a person familiar