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Chinese E-commerce Headwinds, Plus AI’s Copyright Crisis 8/21/24

Published 1 year, 7 months ago
Description

There were more headwinds today for China’s already-slumping consumer and e-commerce demand, after Walmart announced it was completely offloading its stake in JD.com and bargain retail giant Shein hit Temu with a lawsuit. Plus, the AI startup darling Anthropic is now facing a new class-action lawsuit, accusing it of copyright infringement and stealing the work of hundreds of thousands of books. 


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