A recent visit by a group of American fashion influencers and creators to a model factory in China has sparked online backlash after they posted glowing reviews sponsored by Shein, a prominent internet shopping giant. Shein, among other companies founded in China, has been facing increasing scrutiny over several issues, including its low pricing strategy, transparency regarding labor practices, and environmental waste management.
Microsoft Explored Acquiring Bungie and Sega to Bolster Xbox Game Pass, Internal Emails Reveal
Internal documents from the recent FTC v. Microsoft hearing have revealed the gaming acquisition targets considered by the tech giant. The documents indicate that Microsoft was exploring the possibility of acquiring both Bungie and Sega to strengthen its Xbox Game Pass service.
Joseph Tsai to Succeed Daniel Zhang as Chairman of Alibaba Group: Leadership Transition Marks Alibaba’s Second Succession in Recent Years
Alibaba Group, the Chinese tech giant, has announced that Joseph Tsai, the executive vice chairman and co-founder, will take over as chairman, succeeding Daniel Zhang. This leadership transition marks Alibaba’s second succession in just a few years, following the departure of founder Jack Ma in 2019.
Bamboo Airways Soars as Vietnam’s Largest Airline with Transformed Debt and Increased Charter Capital
Bamboo Airways, a Vietnamese airline, has successfully converted 7.72 trillion VND of debt into equity, making it the airline with the largest charter capital in Vietnam. This achievement surpasses Vietnam Airlines, which previously held the title with 22.143 trillion VND in charter capital.
Binance Faces Regulatory Challenges: Quits Netherlands and Investigated in France Amidst Growing Global Scrutiny
Binance, the world’s largest cryptocurrency exchange, is facing multiple setbacks as it announces its exit from the Netherlands and comes under investigation by French prosecutors. These developments add to the mounting problems the company is already facing in the United States.
YouTube Expands Monetization Opportunities: Lowering Eligibility Requirements Empowers Smaller Creators
YouTube is making a significant move to support its creator community by lowering the eligibility requirements for monetization through the YouTube Partner Program (YPP). This change means that more creators, including those with smaller followings, will now have the opportunity to earn money from their content.
Abode: Artist Challenges Adobe’s Dominance with Lifetime Creative Software Suite
Artist and activist Stuart Semple has embarked on an ambitious project to challenge the dominance of Adobe, the corporate giant in the creative software industry. Frustrated with the trend of renting software instead of owning it, Semple has created Abode, a new software suite tailored specifically for creators.
Google Delays EU Launch of AI Chatbot Bard Amid Privacy Concerns Raised by Regulator
Google has decided to delay the launch of its AI chatbot, Bard, in the European Union (EU) after concerns were raised by the Irish Data Protection Commission (DPC), which serves as the company’s lead data protection authority in the region. The DPC stated that Google had not provided adequate information and documentation, including a data protection impact assessment (DPIA), ahead of the planned launch date. Consequently, the launch will not proceed as scheduled until the DPC’s questions are answered by Google.
Subway’s Massive Expansion: Plans to Open 4,000 Stores in China Signal Major Growth
Subway, the world’s largest sandwich chain, is set to embark on a massive expansion plan in China, opening nearly 4,000 new stores in the country. This move will significantly increase Subway’s footprint in China, expanding it by more than seven times its current size.
Microsoft Agrees to Pay $20 Million Settlement for Violating Children’s Privacy Rights
Microsoft has agreed to pay $20 million to settle charges brought against it by the U.S. Federal Trade Commission (FTC) for violating children’s privacy rights. The FTC accused the tech giant of illegally collecting personal information from children without parental consent through its Xbox gaming system.
