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Europe probes Shein's addictive app design and illegal product sales
The European Commission (EC) has opened an investigation into low-cost fast fashion retailer Shein. EC officials are concerned about the sale of illegal products, including child sexual abuse material [...]
Shein takes Temu to London’s High Court over “industrial-scale” copyright theft
The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused T [...]
Shein’s app runs on the tricks the FTC calls ‘dark patterns.’ Now the FTC is investigating.
Shein wanted its Hong Kong listing to be about growth. Instead, the filing meant to sell that story revealed a US regulator is investigating the company, and Shein will not say why. The disclosure sit [...]
Temu and Shein aim for U.S. market supremacy — challenging Amazon's hold
Temu and Shein, two Chinese fast-fashion giants, are determined to increase their dominance in the U.S. market, challenging Amazon’s efforts to capture a share of the budget-friendly e-commerce spac [...]
Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.
Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its Hong Kong IPO, a roughly 70% drop from the $100 billion-plus valuation it hit in a 2022 pri [...]
God help us, Donald Trump is launching Trump Mobile and plans to sell a phone
Donald Trump is launching a cellular brand called Trump Mobile. The newly formed company, which was announced today by Donald Trump Jr., will sell a single wireless plan called “The 47 Plan,” whic [...]