China declares war on plastics; microbeads to be banned and retailers encouraged to reduce plastic packaging
China has unveiled a five-year plan aimed at promoting more eco-friendly plastics, reducing the amount of plastic used in packaging and upping its recycling and incineration capabilities, according to a report published by Reuters.
The Fair Trade Commission (FTC) has fined LG Household & Healthcare 307 million won (US$262,400) over allegedly failing to keep commitments at discount events held at franchise branches of The Face Shop, according to a report by Korea JoongAng Daily.
Alibaba CEO Daniel Zhang has announced a series of initiatives and disciplinary measures following a serious incident of sexual assault at the company.
Procter & Gamble has been exonerated by the Shanghai IP Court after a complaint of patent infringement was bought against the US FMCG giant, according to a report published by Iam Media.
A Chinese appeal court has awarded L’Occitane damages of US$1.4 million (RMB9 million) and an injunction for trademark infringement and unfair competition, according to a report published by the National Law Review.
The Estée Lauder Companies has been fined 400,000 yuan (US$61,920) by Jing’an District Administration for Market Regulation due to misleading claims on a Clinique product, according to Shine.cn.
Palm oil supplier IOI has issued a statement in response to allegations concerning forced labor at its Malaysian branch. The commodity producer revealed that it was aware of a letter from US Customs and Border Protection which acknowledges receipt of a petition containing said allegations and that it has determined that there is sufficient cause to investigate.
Canadian wellness platform Yooma has announced that it will be discontinuing operations in China, effective immediately.
Hong Kong’s Customs and Excise Department has seized a cache of luxury goods worth some HK$120 million from smugglers, according to a report published by France24.
Alibaba-owned Tmall has launched an intellectual property trading property, dubbed IPmart, designed to help China’s emerging creators find business opportunities, according to a report published by WWD.