In today's ExchangeWire news digest: online retailer ASOS expands its retail media offerings; Meta threatens to pull news content for Facebook users in Canada; and China disrupts projects to manage internet cables in the South China Sea.

ASOS expands retail media formats

Fashion retailer ASOS has collaborated with Criteo to launch new retail media formats. The three-year partnership will allow ASOS to use the ad tech firm’s technology to embed sponsored ads on its platform and conduct off-site targeting across CTV and publishers’ websites.

Meta threatens to pull news content over Canadian legislation

Meta has warned that it would remove news content for Facebook users in Canada should the country approve its drafted “Online News Act”. Introduced last April, the House of Commons bill C-18 outlined rules for tech giants like Meta and Google to pay news publishers for their content.

China tightens grip on underwater data infrastructure

Beijing has begun to disrupt projects to install and maintain internet cables through the South China Sea. The move comes as China seeks to exert greater control over the subsea infrastructure transmitting the world’s data, with Beijing citing concerns around spying.

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Fact of the Day

~£3.9bn - ASOS' worldwide revenue.

Source: Statista