Shein

Shein, the online retailer that has turbocharged the global fast-fashion industry, is planning to deepen its foothold in the U.S. as its sales to American shoppers continue to soar. The company is planning to build three large distribution centers in the U.S. that could eventually reduce shipping times for its customers by three to four days, George Chiao, president of Shein’s U.S. operations, said in an interview. It is also planning a hiring spree in the country over the next few…

Chinese e-commerce company Pinduoduo Inc. PDD 1.12% this week quietly launched an online marketplace in the U.S. called Temu, the latest example of overseas expansions by Chinese companies as the economy at home slows down. Similar to Shein, the Chinese ultrafast-fashion e-commerce company, Temu boasts competitive prices. It features products in 14 categories, including apparel, accessories, pet supplies and beauty products, and it…

Shein has shown the world how combining social media marketing, data analytics, and China’s well-oiled supply chain has created a $100 billion fast fashion behemoth. Its success naturally spawns imitators and challengers. Among its fastest-growing challengers is Cider, which, like Shein, relies on China’s responsive clothing manufacturers to sell affordable, trend-led pieces to customers around the world. Cider has racked up roughly 7.4 million installs across the world to date, according to…

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 ImagesChinese fast-fashion giant Shein hopes to do an initial public offering in the United States as soon as 2024, according to a report from Bloomberg, which cited people familiar with the matter.Yet it faces environmental, social and governance, or ESG, concerns that could be an obstacle to an IPO, according to the report. Previously, Shein had sought a 2022 IPO in the U.S.,…

HONG KONG—In just a few years, the Chinese apparel giant Shein has captured the market for bargain-seeking Gen-Z shoppers by offering huge varieties of cheap apparel every day. Along the way, it has picked up a long list of complaints of copyright theft from big brands and boutique designers.Valued at more than $100 billion and backed by big-name investors such as Sequoia Capital China and General Atlantic, Shein—pronounced “she-in”—has enjoyed booming growth. Its appeal includes cut-rate prices, successful tie-ups with…