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Kim Kardashian’s Skims hits $5bn valuation
Posted onOsmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…
Who owns TikTok now and how could it change for US users?
Posted onLiv McMahonTechnology reporter Getty Images TikTok has announced a deal allowing it to continue operating in the US. But with the platform’s future in the country seemingly secured, its 200 million American users are expected to see some changes. What is the US TikTok deal? A majority-American board now owns and operates a separate entity…
What is Seedance? The Chinese AI app sending Hollywood into a panic
Posted onThese productions have been sticking to romance or family drama to keep costs down as they need fewer visual effects. But now AI can “elevate low-budget productions into more ambitious genres such as sci-fi, period drama and, now, action”, Kwok says.
Branding and logo for Great British Railways unveiled
Posted onMichael Sheils McNameeBusiness reporter Department for Transport The government has unveiled its branding for Great British Railways (GBR), marking a step forward in plans to nationalise the railways. In the past year, the government has taken three rail franchises back into public control, something Labour promised in its manifesto. The new livery and branding uses…
