1. Luxury tests limits of its immunity to downturns. In one sense, luxury is insulated from cyclical downturns. The top 5% of wealthiest shoppers who are probably less sensitive to inflation drove around 40% of global luxury sales last year. – Read More on Reuters
2. China’s new wave of ‘live commerce’ relying less on influencers. Livestreaming, including live commerce, has become deeply entrenched in Chinese social media. The livestreaming audience topped 750M viewers in December, according to Chinese research company Wind. This represents 70% of Chinese internet users. – Read More on Nikkei Asia
3. Proposed legislation could alter e-commerce purchases of low-value items and shift competition among retailers. U.S. lawmakers have asked the same questions and proposed legislation to close a trade loophole which allows goods valued under $800 to be imported free of duties and scrutiny from restrictions on forced labor. – Read More on Reuters
4. RELATED READ: Regulating the Industry – A Running Tracker of Fashion-Focused Legislation. The U.S. is seeing a rise in fashion-centric legislation that is worth keeping an eye on. – Read More on TFL
5. Efforts to Rein in AI Tap Lesson From Social Media: Don’t Wait Until It’s Too Late. Social media was more than a decade old before efforts to curb its ill effects began in earnest. With artificial intelligence, lawmakers, activists and executives aren’t waiting that long. – Read More on the WSJ
6. How judges, not politicians, could dictate America’s AI rules. The FTC could require OpenAI to pay fines or delete any data that has been illegally obtained, and to delete the algorithms that used the illegally collected data. – Read More on MIT Tech Review