1. China’s luxury tastes are changing. China’s $8 billion-plus second-hand luxury market is booming, and shopper preferences are shifting away from affordable, mass market luxury to less frequent but higher-end purchases. – Read More on the FT
2. The tech industry can’t agree on what open-source AI means. That’s a problem. The concept of open source was devised to ensure developers could use, study, modify, and share software without restrictions. But this doesn’t translate from software to AI neatly. – Read More on MIT Tech Review
3. Japan company beats ‘bad-faith’ trademark filer in Chinese court. For a Chinese court to revoke trademark rights on the grounds of unfair competition is “unprecedented,” said Ming Xingnan, a Chinese attorney who represented MTG in court. – Read More on Nikkei
4. Has Fashion Canceled Canceling? “None of these people” – or brands – “were ever actually canceled.” They were simply moved out of the spotlight and have since returned. – Read More on the New York Times
5. RELATED READ: A Year After Balenciaga Was Nearly Cancelled, a Look at the State of the Brand. Fast forward to March 2023, and signs of a comeback for Balenciaga and its creative director Demna – who managed to remain in his role amid the fallout, as did CEO Cédric Charbit – seemed to be quietly coming about. – Read More on TFL
6. Consumers sue Apple, taking page from US Justice Department lawsuit. At least three proposed class actions have been filed in CA and NJ federal courts by iPhone owners who claim Apple inflated the cost of its products through anticompetitive conduct. – Read More on Reuters