Daily LInks
1. Chinese people spend over 1 trillion yuan on luxury goods in 2023. China’s luxury goods market witnessed 11 percent growth in 2023, reaching 607.7 billion yuan, accounting for about 22 percent of the global luxury goods market. – Read More on China Daily
2. Why AI Keeps Getting Better at Making Fake Images. “We went from these glitchy deepfakes, from 5, 6, 7 years ago, to full-time, real-time, almost at frame rate, running on my laptop, superimposing somebody’s face on mine at high-res. That is incredible.” – Hear More on the WSJ
3. Is It Time to Break Up Luxury Behemoth LVMH? LVMH is being penalized by shareholders for its disparate collection of businesses. Breaking up the behemoth could release significant value for investors, and might, incidentally, help solve the looming succession issue. – Read More on Bloomberg
4. Gildan Activewear says Browning West’s share purchase was “illegal.” Activist fund Browning West’s purchase of Gildan shares last month violated the U.S. anti-trust laws. Gildan has alleged the move was an “illegal” attempt by the U.S.-based fund to reappoint former CEO Glenn Chamandy and eventually take control of the company’s board. – Read More on Reuters
5. Four Questions to Assess the Trustworthiness of Your Company’s GenAI. Because the technology is evolving so quickly, problems reveal themselves during deployment while cultural norms around what it means to use gen AI ethically are still being debated. – Read More on HBR
6. Temu is using its lawsuit against Shein as a PR engine. The intent, it seems, was to get publications to tie in the lawsuit with its upcoming advertising plans. Indeed, publications like AdAge took the bait, publishing news stories about the contents of the suit that confirmed the advertising plans. – Read More on Modern Retail
