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Shein is a global online fashion company that sells inexpensive apparel to Generation Z consumers. Founded in 2008, it has grown to become the world's largest fashion retailer as of 2022, with a valuation of $100 billion and a headquarters in Singapore.
Shein said in a statement that its success was “anchored in our unique on-demand business model,” adding that it looked forward to working with all stakeholders on trade reforms “to create a ...
Prices on Shein and Temu could rise by as much as 20% if the Biden administration successfully closes the so-called “de minimis loophole.” The loophole allows packages valued under $800 to ...
Temu has sued Shein in the United States, accusing its rival of violating antitrust laws by trying to monopolize suppliers and engaging in other allegedly illegal behavior.
Temu is an e-commerce platform owned by PDD Holdings that offers heavily discounted consumer goods shipped from China. It has faced legal disputes with rival Shein, criticism over data privacy and product quality, and banned ads in the UK.
In a statement, a Shein spokesperson said, "Shein makes import compliance a top priority, including the reporting requirements under U.S. law with respect to de minimis entries. Our success is ...
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