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Following record Alibaba fine, China is not letting up on big tech

A record fine, public penitence from a tech giant and a 'who's who' of digital firms warned to "rectify" their ambitions within a month -- state regulators are showing no one is bigger than Beijing in Xi Jinping's China. E-commerce titan Alibaba absorbed the massive 2.78 billion dollar penalty from China's market watchdog last Saturday, after a...

9 hours ago

Business

China hits Alibaba with record 2.78 billion dollars for market abuses

Shanghai - Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan (2.78 billion dollars) fine on Saturday over practices deemed to be an abuse of the company’s dominant market position. The State Administration for Market Regulation said it assessed the fine after concluding an investigation into Alibaba that began in...

Apr 12, 2021

Fashion

Yu Prize names ChenPeng as the inaugural winner

The inaugural Yu Prize, launched to support emerging Chinese designers, has named ChenPeng as the 2021 winner at a gala dinner held during Shanghai Fashion Week. Thenew annual prizewas launched by Wendy Yu, founder and chief executive of Yu Holdings in collaboration with Paris Fashion Week and Shanghai Fashion Week to provide critical support...

Apr 7, 2021

Fashion

Condé Nast launches Vogue Man Hong Kong

Condé Nast has debuted new style publication Vogue Man in Hong Kong. The men’s edition of the famous fashion magazine will be published together with the April and September issues of Vogue Hong Kong and run biannually. Its latest regional magazine dedicated to men’s style will join the editions published in France, Italy, UAE, Ukraine and the...

Mar 31, 2021

Business

Launching your fashion brand in China: Advice from Tmall Luxury

“China is a challenge in itself”. This verdict is that of Nicolas Santi-Weil, CEO of the independent brand Ami Paris, keen observer of the Chinese market since 2007 and participant of a webinar organized by Tmall Luxury. Titled "China and luxury: major trends and sharing of experience", this workshop in French was a first for Alibaba's...

Mar 30, 2021

Retail

Inditex accused of turning a blind eye amid rising tensions in China boycott crisis

On Thursday, China, backed by the Chinese government itself, started retaliating against the Western boycott of cotton produced in the ‘Uyghur labor camps’ of Xinjiang, calling for its own boycott against international fashion companies. The boycott primarily affected Swedish retail giant H&M on Thursday, but is now also being launched against...

Mar 26, 2021

Business

Why luxury and premium British brands are prioritising the Chinese market

In an interview with FashionUnited, Sandrine Zerbib, founder of Shanghai-based and China-focused brand management and digital agency Full Jet, talks about how even if the Chinese market was already vital for British or more generally European luxury and premium brands prior to the covid-19 crisis, it has gained even more prevalence. China is...

Mar 26, 2021

Culture

Western brands face China backlash over political statements

Nike was the recipient of Chinese backlash after the sporting goods giant stated it does not use cotton from China’s Xinjiang region, where currently an international human rights crisis is ensuing with the alleged forced labour camps of the Uyghur people. On Weibo, China’s most popular social media channel, a retaliation against Nike began when...

Mar 25, 2021

Business

H&M ban of Xinjiang cotton under criticism in China

Swedish clothing giant H&M's decision to no longer source cotton from China's Xinjiang region is drawing a backlash as the Asian country adopts an increasingly assertive stance against accusations of human rights violations. The fashion retailer's products had vanished from Chinese tech titan Alibaba's e-commerce platform Taobao on Wednesday,...

Mar 24, 2021

Business

China summons tech giants over 'deep fakes', internet security

Beijing, March 18, 2021 (AFP) - Chinese authorities on Thursday said they had summoned 11 tech companies including Tencent, Alibaba and TikTok owner ByteDance for talks on “deep fakes” and internet security, as regulators try to reel in the country’s runaway digital sector. The Cyberspace Administration of China (CAC) said talks concerned “voice...

Mar 18, 2021

Business

Liberty looks to expand its reach in China with Secoo exhibition

British department store Liberty is looking to raise brand awareness in China with a two-week offline exhibition in partnership with Secoo, a leading online luxury retailer in China. The ‘Meet Spring, Meet Liberty’ exhibition in Beijing kicked off on March 8 and aims to allow Chinese consumers to experience and better understand the 146-year-old...

Mar 11, 2021

Fashion

Inaugural Yu Prize announces finalists for 2021

Yu Prize has named 16 fashion designers as finalists for its inaugural 2021 edition launched to support emerging Chinese designers. The new annual initiative was launched by Wendy Yu, founder and chief executive of Yu Holdings, as part of its continued mission to “cultivate creativity” in collaboration with Paris Fashion Week and Shanghai...

Mar 4, 2021