Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

New technologies have made it easier for counterfeiters to produce, advertise and distribute fake goods, but they also provide crucial tools for the industry to fight back.

New technologies have made it easier for counterfeiters to produce, advertise and distribute fake goods, but they also provide crucial tools for the industry to fight back.

After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.

After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

With data science at its core, the San Francisco-based startup aims to offer fashion that’s ‘just right’ for every customer.

With data science at its core, the San Francisco-based startup aims to offer fashion that’s ‘just right’ for every customer.

Like their counterparts in Silicon Valley, fashion entrepreneurs should begin by identifying real problems. Not enough dresses and handbags to choose from isn’t one of them, argues Ari Bloom.

Like their counterparts in Silicon Valley, fashion entrepreneurs should begin by identifying real problems. Not enough dresses and handbags to choose from isn’t one of them, argues Ari Bloom.

Wirecard is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported.

Wirecard is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported.

With the break from the EU, many in the tech sector were left questioning whether the city can fulfil its promise of becoming a global technology hub.

With the break from the EU, many in the tech sector were left questioning whether the city can fulfil its promise of becoming a global technology hub.

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

Alibaba Group Holdings Ltd has won the dismissal of a US lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.

Alibaba Group Holdings Ltd has won the dismissal of a US lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.

Haoyu Shen, chief executive of JD.com’s JD Mall unit, reveals how the Chinese online giant plans to take on Alibaba’s Tmall and seize more of the country’s fashion e-commerce market.

Haoyu Shen, chief executive of JD.com’s JD Mall unit, reveals how the Chinese online giant plans to take on Alibaba’s Tmall and seize more of the country’s fashion e-commerce market.

Wal-Mart Stores is in talks to sell its Chinese e-commerce business, Yihaodian, to JD.com, the Wall Street Journal reported, citing people familiar with the situation.

Wal-Mart Stores is in talks to sell its Chinese e-commerce business, Yihaodian, to JD.com, the Wall Street Journal reported, citing people familiar with the situation.
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Eurocommerce, whose members include H&M and Inditex, argued AI-generated ads should be exempt from a rule requiring disclosure of AI use.
The companies are collaborating with eyewear makers Warby Parker and Gentle Monster.
The AI-powered styling and shopping app raised a $5.5 million Series A as it looks to expand.
The tool generates product comparisons or suggestions and will appear by default starting this week for US-based users.