Shein

Shanghai, Mar 22, 2024 -With jaw-droppingly low prices and a seemingly endless selection of trendy clothes, Shein has taken the world by storm -- and found itself in the crosshairs of French lawmakers who want to curb the excesses of fast fashion.Customers love the Chinese-founded firm's massive catalogue of ultra-cheap items, from $8 sundresses to 48-cent bracelets, at a time when inflation has shrunk purchasing power around the world.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

The China-founded fashion giant is shifting its business strategy as it faces U.S. challenges. The China-founded fashion giant is shifting its business strategy as it faces U.S. challenges. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

Chinese-founded fast-fashion company Shein is set to face stricter EU online content rules after reporting a huge number of users, joining a group of companies that includes Meta Platforms, Alphabet's Google, Elon Musk's X and TikTok.The new rules, known as the Digital Services Act (DSA), classify companies with more than 45 million users as very large online platforms (VLOPs) and require them to do more to fight illegal and harmful content as well as counterfeit products on their platforms.Elevate Your Tech Prowess with…

Some video doorbells sold by companies like Walmart and Amazon have security flaws that allow them to be easily hacked, a recent report from Consumer Reports said. The report, released Wednesday, found that video doorbells that seemed to be made by the same manufacture and sold under different brand names including Fishbot, Eken and Tuck, can be taken over by someone who can physically access them, create an account on a smartphone app owned by Eken, visit someone’s home, hold down a doorbell button and put it…

There may be bad news if you purchased one of Amazon’s “Overall Picks” for video doorbells in recent months. New tests from Consumer Reports find that popular doorbell cameras sold under names including Eken and Tuck are rife with security flaws that make it dead simple for anyone to watch your camera footage.Prepping the Sandworm Scenes in Dune: Part TwoConsumer Reports looked at ten seemingly identical video doorbells sold under various names including Eken and Tuck that are widely available on websites including…

Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as $45 billion, reflecting dwindling appetite for a company struggling with intensifying competition and regulatory scrutiny ahead of a long-awaited US debut.Shareholders offered stock at valuations ranging from $45 billion to $55 billion in late 2023, people familiar with the matter said. That’s down from the roughly $66 billion Shein achieved during a May round of fundraising. But they struggled to find buyers…

Clothes at the Shein headquarters in Singapore on June 19, 2023.Ore Huiying | Bloomberg | Getty ImagesChina's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. initial public offering, CNBC has learned. The Cyberspace Administration of China is reviewing Shein's supply chain presence in the country, where the bulk of its manufacturers and suppliers are located, a person familiar with the matter told CNBC.The review focuses on how Shein…

Fashion company Shein is seeking Beijing's nod to go public in the U.S., two sources with knowledge of the matter said, a decision which could delay its float plans and comes despite efforts to distance itself from China.The Singapore-based company, valued at $66 billion in a May fundraising according to one of the sources, filed with the Chinese regulator in November to comply with new listing rules for local firms, two sources with knowledge of the matter said.Elevate Your Tech Prowess with High-Value Skill…

Updated Jan. 3, 2024 11:22 am ETSHENZHEN, China—E-commerce sellers Shein and Temu are offering a lifeline for small suppliers in China’s manufacturing hubs—but it isn’t always a straightforward win.In recent years, thousands of Chinese factories and vendors have joined the supply chain for Shein and Temu, whose popularity has exploded in the U.S. with their offers of inexpensive made-in-China goods, from T-shirts and handbags to electronics and kitchen items.Copyright ©2024Dow Jones & Company, Inc. All Rights…

Wall Street Journal: A look at Shein and Temu's Chinese supply chain: the platforms offer a lifeline to suppliers, but margins are razor-thin, prices must stay low, and unsold stock — Shopping apps throw a lifeline to Chinese exporters, but it is a trade-off — SHENZHEN, China—E-commerce sellers Shein … Wall Street Journal: A look at Shein and Temu's Chinese supply chain: the platforms offer a lifeline to suppliers, but margins are razor-thin, prices must stay low,…