China wants its businesses to think twice before using facial recognition technology. The country’s Cyberspace Administration (CAC) on Tuesday (Aug. 8) introduced draft regulations calling for limits on facial...
The founder of Indian eCommerce and payments firm Paytm is now reportedly also its largest shareholder. Paytm Chairman Vijay Shekhar Sharma is set to purchase a 10.3% stake worth...
China’s internet regulator has introduced regulations to keep kids from spending too much time online. The rules issued by the Cyberspace Administration of China (CAC)...
Apple has reportedly removed more than 100 generative artificial intelligence (AI) apps from its China app store. The move was made Tuesday (Aug. 1) and...
Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” That suit followed an earlier one filed in federal court in March in which...
After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline. For years, luxury retailers enjoyed a post-pandemic boom thanks to...
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July...
While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not...
China, once hailed as the savior of the luxury sector, is no longer providing the same support as before, at least for now. The industry...