Browsing Tag
Shein
3 posts
Shein reportedly files for long-awaited US IPO
Shein reportedly files for long-awaited US IPO. Credit: 123RF Fast fashion giant Shein has confidentially filed for an IPO in the US, Reuters reported on Monday, citing two sources. The move puts to an end long-running speculation around the China-founded company’s intentions to go public. Why it matters: A successful listing for the fast-fashion giant
Designers sue Shein over AI ripoffs of their work
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’
Temu surpasses Shein in ranks in the US Apple App Store
Pinduoduo’s cross-border platform Temu currently ranks 2nd in the shopping section of Apple’s App Store in the US, following behind Amazon Shopping, with 3.8 stars ranked by 339 people, according to Sensor Tower statistics on Monday. The newly launched app saw a significant increase in its rankings among all free apps in the US Apple