This basket performs a simple but potentially useful trick. Designed by Hangzhou-based product designer Kong Li, it's hinged around the handle, allowing it to shapeshift for carrying goods with different proportions:
The handle is meant to be beech, with stainless steel for the basket.
I'd love to see some practical-use videos, but at this point it appears to be just a concept.
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Definitely not saying they designed it, but Target sells something very similar: https://www.target.com/p/metal-2-in-1-wire-basket-with-wood-handle-black-project-62-8482/-/A-80037821
Cool idea! Though the straight handle limits access and capacity. The handle shape would be better if it matched the smaller profile of the basket.