Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan (£4.4 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.
The American sports and footwear giant has announced a series of changes in its senior leadership, appointing Heidi O’Neill as president for consumer and marketplace, Andy Campion as COO, and Matthew Friend as CFO.
Australian clothing retailer Cotton On Group is reportedly investigating its relationship with a Chinese printing firm suspected of using forced prison labour and which was recently suspended as a supplier by Tesco.
As W Magazine changes hands from Condé Nast to the newly formed Future Media Group, Tonchi has announced he is stepping down as editor-in-chief after almost a decade in the role. He will be succeeded by Sara Moonves.
Apparel brands facing rising uncertainty and cost in global supply chains need to make their merchandise closer to the point of sale and entertainment brands are increasingly turning to Amazon for help.