China’s Alibaba Group has put on hold plans to invest in Indian companies, two sources said, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
The Council of Fashion Designers of America has announced the upcoming launch of Runway360, a digital platform designed to keep members of the American fashion industry connected during the Covid-19 pandemic.
The brand will commit a minimum of $5 million in annual funding for the next three years to the program, which aims to uplift Black, indigenous and people of color working within the fashion and creative industries.
Chinese-owned TikTok announced on Tuesday it would pull out of Hong Kong within days, as global tech giants struggle to figure out how to operate in the city under sweeping new security rules imposed by Beijing.
Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan (£4.4 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.
London Fashion Week debuted its first ever fully digital season Friday morning, and from the opening moment it referenced the world outside fashion – from the pandemic to protests ignited by the murder of George Floyd.