Shein

Rest of World: An in-depth look at how platforms like Shein, Pinduoduo-owned Temu, and TikTok Shop are heralding a new era for Chinese e-commerce by expanding overseas — China is no longer just the world's factory; now, it's also the world's mall. As online shopping slows within China … Rest of World: An in-depth look at how platforms like Shein, Pinduoduo-owned Temu, and TikTok Shop are heralding a new era for Chinese e-commerce by expanding overseas — China is no…

Customers hold shopping bags outside the Shein Tokyo showroom in Tokyo, Nov. 13, 2022.Noriko Hayashi | Bloomberg | Getty ImagesShein notched its highest profit ever during the first half of this year, the company told investors in a letter, as rumors swirl over whether the fast-fashion juggernaut will file for a U.S. initial public offering.The missive Wednesday from Executive Vice Chairman Donald Tang, which was obtained by CNBC, noted sales volume growth accelerated and profits improved during the first half of 2023…

To take a step back: Shein doesn’t operate like traditional consumer brands. Instead of owning factories that make products for it exclusively, the company works with a vast network of independent Chinese factories. Most times, these factories create the designs, manufacture the products, and sell them to Shein, entrusting the platform to deal with other processes, like listing, customer service, and shipping.  Shein offers these suppliers a steady stream of overseas orders. In exchange, it buys the products at very low…

TikTok is set to launch an e-commerce platform to sell Chinese-made goods to its millions of American users, according to a new report in the Wall Street Journal. The new shopping experience is a new attempt by TikTok to compete withShein and Temu, two Chinese companies dominating the online retail scene with fast fashion and cheap products.Mourning the Loss of Addison Rae’s Debut Album | The Meme MachineYou won’t have to wait long either. As soon as early August, TikTok plans to give you the exciting opportunity to buy…

A group of designers are suing Shein, the Chinese fast-fashion firm reportedly valued at $66 billion, for allegedly stealing independent artists’ works “over and over again, as part of a long and continuous pattern of racketeering.” The designers — Krista Perry, Larissa Martinez and Jay Baron — claim in their lawsuit that Shein’s “design ‘algorithm’ could not work without generating the kinds of exact copies that can greatly damage an independent designer’s career—especially because Shein’s…

Three independent artists are now suing ultra-cheap online retailer Shein, alleging that the company has been deploying an algorithm to identify trending art—including the artists’ own designs—and recreating it in sweatshops, all under the leadership of a mysterious tech tycoon.Are ‘Hauls’ a Wasteful Social Media Practice?Artists Krista Perry, Larissa Martinez, and Jay Baron filed the lawsuit against Shein inCalifornia federal court yesterday. The artists argue that Shein has sold nearly identical copies of work they…

By Shen Lu July 7, 2023 11:00 pm ETListen to article(2 minutes)In just a few years, Shein has rapidly expanded from a discount Chinese apparel seller to a global fast-fashion giant. Now, it’s branching out, pitting itself against some of the biggest names in e-commerce.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 By Shen Lu July 7, 2023 11:00 pm ETListen to article(2 minutes)In just a few years, Shein has rapidly expanded from a discount Chinese apparel seller to a…

Shein, the Chinese online fashion retailer worth more than $60 billion that is under scrutiny from U.S. lawmakers over its labor practices, has registered with regulators for an initial public offering in New York, people familiar with the matter said.The stock market debut could make Shein the most valuable Chinese company to go public in the United States since ride-hailing giant Didi Global listed in New York in 2021 at a $68 billion valuation. Didi was delisted from New York a year later amid Beijing's crackdown on…

China Report is MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. Shein is launching a charm offensive. The once-obscure Chinese fast-fashion website has become increasingly mainstream. And to respond to accusations of terrible labor conditions, the company is now inviting US influencers to its operations in China. Have you shopped on Shein? I have, a few times, and I’m not really proud of it. Apart from the universal sin of fast fashion—the…

Fast fashion giant Shein paid for influencers to take a tour of part of its Chinese manufacturing operation several weeks ago, and the lucky Instagram and TikTok stars filled social media with videos from their recent trip last Tuesday. The videos showed off clean, pleasant factories, smiling workers, and a stalwart commitment to safety. Forced labor allegations? Never heard of them! And of course the products don’t have lead in them, you silly goose. Just as quickly as the internet celebrities hopped on Instagram and…