Daily LInks
1. Hong Kong just reclaimed the global luxury crown. Mainland Chinese visitors have flocked to the city, including for the recent National Day ‘golden week’ break, with jeweler the fastest luxury sector to bounce back in the APAC region. – Read More on SCMP
2. Gen Z and millennials have a lucrative new hobby: flipping designer handbags. There is a new wave of resellers thriving in a sky-rocketing resale market, the result of a perfect economic storm. Luxury brands scaled back production during COVID-19’s early days, even as demand grew among bored shoppers sitting on pandemic savings. – Read More on Fortune
3. RELATED READ: The Potential Paradox of the Investment Handbag. There may be some consensus that luxury goods “can sometimes hedge against inflation when they appreciate in value,” but the prospect of handbags as assets is not without nuance. – Read More on TFL
4. Bankrupt and loving it: Welcome to the lucrative world of undead brands. When a company goes under, it’s often sold for its parts, including its IP. Someone who buys this can attempt a sort of retail taxidermy: stuff new operations inside that familiar shell, give it a new charge and hopefully do better. – Read More on NPR
5. New details of FTC antitrust lawsuit against Amazon made public. New details of the Federal Trade Commission’s antitrust lawsuit against Amazon were made public on Thursday, including the government’s claim the online giant deliberately raised prices by more than $1 billion through secret algorithms. – Read More on Reuters
6. Scarlett Johansson Takes Legal Action Against AI App That Ripped Off Her Likeness in Advertisement. Johansson appeared in a 22-second ad posted on X/Twitter by an artificial intelligence image-generating app called Lisa AI: 90s Yearbook & Avatar. – Read More on Variety
7. AI Safety Summit: China, US and EU agree to work together. China agreed to work with the United States, European Union and other countries to collectively manage the risk from artificial intelligence at a British summit on Wednesday aimed at charting a safe way forward for the rapidly evolving tech. – Read More on Reuters