Chinese Tech Daily — 2026-05-24#

Top Story#

The most striking report today details how London’s rampant smartphone thefts are fueling a sophisticated extortion ring tied to Chinese electronics markets. Stolen iPhones are smuggled to hubs like Shenzhen, where criminal networks use psychological warfare and violent threats—including fake Apple security alerts and videos of firearms—to coerce victims into unlocking their Apple IDs, allowing the devices to be resold on the black market at a premium rather than scrapped for parts.