Shein

TikTok is currently experimenting with a new shopping feature called "Trendy Beat" within its app, reported TechCrunch. This feature, being tested in the U.K., allows…

Reliance Retail is reportedly set to bring back Chinese fashion giant Shein to India. According to a report in Economic Times (ET), Reliance Retail will bring Shein, one of the world’s largest fashion retailers, to India through a strategic partnership. With this, Shein will make its comeback in India more than two years after its app was banned by the Indian government.The report said that the country's leading retailer will sell Shein’s products through offline stores owned and operated by Reliance as well as through…

With the agreement, Shein is likely to source fabrics from small businesses in India, which could help the company to diversify its supply chain beyond China. With the agreement, Shein is likely to source fabrics from small businesses in India, which could help the company to diversify its supply chain beyond China. 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…

The online-only retailer has set a target to grow its revenue by 40% this year, but faces geopolitical headwinds and rising competition. The online-only retailer has set a target to grow its revenue by 40% this year, but faces geopolitical headwinds and rising competition. 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…

Jing Yang / Wall Street Journal: Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein generated $23B in 2022 revenue — Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competition Jing Yang / Wall Street Journal: Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein…

Two people hold two Shein bags after entering SHEIN's first physical store in Madrid, Spain, June 2, 2022.Cezaro De Luca | Europa Press | Getty ImagesWASHINGTON — Bipartisan lawmakers are urging the nation's top markets regulator to require Chinese fast-fashion giant Shein to disclose potential forced labor practices ahead of the company's possible initial public offering in the United States.The fast-fashion company has come under fire for accusations of mistreatment of Uyghurs, a marginalized group in China, and for…

Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to European markets including France, Germany, Italy, The Netherlands, Spain and the United Kingdom. The Temu.com website now shows all of these markets on its location drop down menu in addition to the United States, Canada, Australia and New Zealand, where it had previously already been available. PDD Holdings did not immediately respond to Reuters request for comment on the expansion. Temu, the sister site of Chinese discount e-commerce…

The US government has accused Chinese-backed 'fast fashion' digital platforms Shein and Temu for data and other business practices risks, along with engaging in unfair market practices.The US-China Economic and Security Review Commission (USCC), created by Congress in 2000, said in its latest report that these platforms primarily rely on US consumers downloading and using Chinese apps to curate and deliver products."These firms' commercial success has encouraged both established Chinese e-commerce platforms and startups…

If you missed our must-read stories this week, here are the top reads to get you up to speed. Coming from the most plugged reporters covering the tech and startup ecosystem, the ETtech team helps you understand the significance of these developments.Subscribe to our daily newsletters ETtech Morning Dispatch and ETtech Top 5 for more in-depth coverage you won’t find anywhere else. 1. Building India's Shein: why investors are backing a new wave of fashion ecommerce startups | A clutch of online fashion retailers targeting…

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products.Temu topped US app download rankings in early April, a spot it held since January, but its rapid rise comes as platforms with links to China face growing scrutiny and when a ban on youth favorite TikTok appears increasingly inevitable. According to Sensor Tower data, some of the most popular platforms…