Daily LInks
1. ‘Daigou’ goes corporate as retailers seek new ways to reach Chinese shoppers. “I think we have to level up our idea of daigou,” Re-Hub’s Piachaud said. “Essentially there’s this chain from global retail to Chinese consumers not directly from the brands. That’s the professionalization of daigou at work.” – Read More on Reuters
2. RETRO READ: Fendi Case Shed Light on Challenging Fight Against Parallel Imports in China. Tackling counterfeits can be frustrating and challenging at the best of times. Dealing with their trickier – and more “lawful” – cousin, parallel imports can be even more challenging. – Read More on TFL
3. Inside PDD, China’s e-commerce titan behind Temu and Pinduoduo. “We’ve reinvented the online shopping experience to be more interactive and engaging, drawing inspiration from some aspects of physical retail.” – Read More on Nikkei
4. Luxury Brands Are Overstocked, Leading to Discounts That Threaten Their Reputations. Many brands got into this fix because they overestimated demand after the post-pandemic sales spike. However, consumers put the brakes on luxury spending this year. – Read More on Forbes
5. Whole Foods beats NLRB case over ban on Black Lives Matter apparel. Whole Foods Market Inc did not violate U.S. workers’ labor rights by barring them from wearing Black Lives Matter facemasks, shirts and other apparel, a National Labor Relations Board judge has ruled. – Read More on Reuters
6. Allen & Overy rolls out AI contract negotiation tool in challenge to legal industry. Allen & Overy has created an artificial intelligence contract negotiation tool, as the magic circle law firm pushes forward with technology that threatens to disrupt the traditional practices of the legal profession. – Read More on FT
