Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", it said, becoming the latest corporate giant to pledge support for the initiative driven by President Xi Jinping.
China's regulatory crackdown is being waged to build a prosperous market economy and criticism from the United States and the West that it is taking "a backward step" are smears, the Global Times said on Tuesday.
Supima, the non-profit organization that promotes the use of what many regard as the cashmere of cotton, will stage a live joint runway show during next month’s New York Fashion Week, hosted by stylist Law Roach.
Bolt Threads announced on Wednesday that its Mylo faux leather has been verified as a vegan material after successful completion of the Eurofins vegan verification programme, which includes detecting animal DNA.
China's market regulator proposed amendments to the country's e-commerce law, saying that licences can be revoked if the platforms fail to take necessary measures against vendors infringing intellectual property rights.
Major global retailers agreed to extend a legal agreement with garment workers and factory owners in Bangladesh that subjects retailers to legal actions if their factories fail to meet labour safety standards.
Re-commerce specialist Trove has closed a $77.5 million Series D funding round led by G2 Venture Partners, bringing its total funding so far to $122.5 million as it seeks to grow in Europe and enter luxury.