Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it plans IPO
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Customers Flock To Shein South Africa Pop-Up Store
Chinese-founded online retailer Shein sees strong demand at first pop-up store in South Africa as it faces criticism from authorities
Amazon Shares Plummet On Slowing Sales
Amazon shares sink after it reports slowing sales amidst consumer bargain-hunting and competition from China's Temu and Shein
EU Proposes Import Duties On China’s Temu, Shein, AliExpress – Report
European Union is reportedly drawing up plans to impose custom duties on a number of Chinese online retailers
China-Linked Shein Faces Uphill Battle For IPO In US Or UK
China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient
Shein Subject To Most Stringent EU Digital Rules
Quick-growing fast-fashion company Shein must comply with most stringent level of EU digital rules after it passes key threshold
Budget Shopping App Temu Launches In Europe
Fast-growing Chinese-owned budget shopping app Temu begins selling in UK, other European countries after US launch last September
US Congress Targets China’s Shein, Temu In Latest Backlash
US Congress advisory group singles out popular China-linked fast-fashion apps Shein and Temu over data concerns