Daily LInks
1. Meta must hold shareholder vote on metaverse plan following SEC ruling: Meta Platforms Inc. must give investors the opportunity to hold a shareholder vote over concerns around its metaverse vision, according to U.S. regulators. – Read More on S&P Global
2. India’s Tata launches “super app” in e-commerce challenge to Amazon, Walmart: Tata Neu is a single platform for the group’s brands, including Westside fashion, Air Asia, Croma electronics, the Taj hotel group, BigBasket online grocery and 1mg online pharmacy. – Read More on Reuters
3. Why ‘eco-conscious’ fashion brands can continue to increase emissions: It’s all about the fine print. Brands report their gross global emissions, but these are calculated against total revenue. This means that as long as emissions increase less than revenue increases each year, the total emissions are scored as a decrease. – Read More on the Guardian
4. What to Know as U.S., Allies Put Sanctions on Russia: Beyond energy, the EU is prohibiting the sale of high-value luxury goods to Russia and barring imports of Russian caviar, vodka and steel. The Biden administration has banned imports of Russian seafood, vodka and diamonds, and is moving to sever normal trade ties. – Read More on the WSJ
5. Chinese Gen Z want ‘China chic’ not foreign brands, as the rise of Anta Sports at the expense of Adidas and Nike in China shows: “I like designs with Chinese elements. They are as good as overseas brands in quality. Now there are more Chinese make-up brands in my cosmetics collection.” – Read More on SCMP
6. RELATED READ: Sportswear Titan Li-Ning Faces Barriers to Growth Beyond Chinese Mainland. The situation with U.S. Customs is the latest example of barriers that stand in the way of the potential rise of native Chinese brands beyond the mainland. – Read More on TFL
