The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
ZURICH, Switzerland — Swatch Group has signed a contract with Chinese car maker Geely, allowing it to use an innovative battery developed by the watchmaker's research firm Belenos, its chief executive said in an interview on Sunday.
"We're giving Geely the possibly to use our revolutionary battery system," Nick Hayek told NZZ am Sonntag. "This is a first breakthrough for our invention and shows the huge interest industrial firms take in it."
Hayek has said that the performance of the new battery, co-developed with ETH Zurich, is at least 30 percent superior to ordinary batteries.
A memorandum of understanding with Geely was signed mid-May, Hayek said in the interview without giving financial details.
By Silke Koltrowitz; editor: Alison Williams.
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.