Daily LInks
1. Rent the Runway shares get caught up in AI frenzy, surge over 200%. “Rent the Runway has just become the poster girl for investors that believe AI can help small business and not just large behemoths,” said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors. – Read More on Reuters
2. Your Boss Doesn’t Want to Speak Out on Social Issues. A new survey of 600 C-suite leaders shows that nearly nine in 10 are wary of wading into world events. Some 87% said that taking a public stance on current issues poses a greater risk for their company than not saying anything. – Read More on Bloomberg
3. Korea advised to adopt EU regulatory model to prevent impacts of AliExpress’ rapid growth. This suggestion came in reaction to unceasing controversies surrounding the rapid inroads made by the two Chinese companies due to their alleged weak customer protections and inappropriate sales methods. – Read More on Korea Times
4. China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success. With its aggressively priced apparel made in China, Shein has seen explosive growth over the past few years to now account for a fifth of the global fast-fashion sales. – Read More on SCMP
5. Rise of fast-fashion Shein, Temu roils global air cargo industry. Temu and ByteDance’s TikTok Shop, which recently began online shopping in the U.S., ship the majority of their products directly from factories in China to shoppers by air in individually addressed packages. – Read More on Reuters
