close
    • chevron_right

      Fast fashion retailer Shein more than doubles profits as it awaits IPO approval

      news.movim.eu / TheGuardian · Monday, 1 April - 14:49

    Figures suggest China-founded firm is among world’s most profitable fashion companies as it prepares for stock market listing

    Shein, the online fast fashion retailer founded in China, has more than doubled its profits to more than $2bn (£1.6bn) as it awaits approval for a stock market listing in New York or London.

    The company, which is growing rapidly around the world by using social media to promote its goods, recorded sales of about $45bn last year, according to a report in the Financial Times based on information from sources close to the company.

    Continue reading...
    • chevron_right

      COVID-19 contact-tracing data is fair game for police, Singapore says

      Kate Cox · news.movim.eu / ArsTechnica · Tuesday, 5 January, 2021 - 21:21

    Close-up image of a hand holding a palm-sized electronic device.

    Enlarge / A user in Singaapore holding the TraceTogether device that can be used for COVID-19 contact tracing in lieu of a smartphone app. (credit: Roslan Rahman | AFP | Getty Images )

    The government of Singapore said this week it has used data gathered for COVID-19 mitigation purposes in criminal investigations, sparking privacy concerns about contact tracing both in Singapore and elsewhere in the world.

    Singapore's contract-tracing app, TraceTogether, has been adopted by nearly 80 percent of the country's population, according to The Guardian , and Singaporeans are required to use it to enter certain gathering places such as shopping malls.

    TraceTogether's privacy statement originally read, "Data will only be used for Covid-19 contact tracing," but it was updated this week to add, "Authorised Police officers may invoke Criminal Procedure Code (CPC) powers to request users to upload their TraceTogether data for criminal investigations. The Singapore Police Force is empowered under the CPC to obtain any data, including TraceTogether data, for criminal investigations," The Register reports.

    Read 8 remaining paragraphs | Comments

    index?i=AJb39QvhSlw:Ns-raJ4Vj9c:V_sGLiPBpWUindex?i=AJb39QvhSlw:Ns-raJ4Vj9c:F7zBnMyn0Loindex?d=qj6IDK7rITsindex?d=yIl2AUoC8zA