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INSANE: 24 | Vintage Vibes

Shanghai Composite Index Fell 1.28% on Wednesday

Shenzhen Component Index closed down 0.84%

Caixin Global

Shein mocked for selling £9 'denim booty shorts' that look more like a 'thong'

The retailer is currently offering a pair of the 'Low Rise Booty Denim Shorts' for £9.49

Wales Online

Shanghai Composite Index Fell 1.52% on Tuesday

Shenzhen Component Index closed down 1.03%

Caixin Global

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Discount online store to rival Shein and Wish opens in UK

The app was a huge hit in the states

Manchester Evening News

What is Temu? The ultra low cost online shopping store rivalling Shein and Wish

Temu has been popular in the US and offers massive discounts, up 99 per cent

Wales Online

Dark side to £80bn Shein - 'workers paid 3p', disturbing notes, toxic item claims

Shein has become the world's largest online fast-fashion retailer - but the brand is shrouded in controversy over its cost-cutting practices after Channel 4 went undercover

Daily Mirror

Who owns Temu? Weapons banned in UK apparently found on shopping app

The Chinese e-commerce site has come under pressure to enhance its verification procedure, get rid of hazardous products, and make independent sellers accountable when security breaches are discovered

Evening Standard

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Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

The Independent UK

What Shein shoppers can expect from new pop-up stores coming to UK this year

The online retailer has become well-known for its super-cheap prices and extensive range of clothing

Wales Online

Fashion giant Shein to open 30 stores this year - including in the UK

Shein is hugely popular with fashion lovers looking for up-to-date clothes, shoes, accessories and homeware items on a budget. It rivals the likes of Primark, PrettyLittleThing, Poundland and New Look.

Glasgow Live

Shein to open 30 stores this year to rival Primark - including UK branches

The temporary stores will open across the EMEA (Europe, the Middle East and Africa) region as Shein looks to increase its high street presence and take on the likes of Primark

Daily Mirror

China Is Becoming More Reliant on the World

With the Made in China 2025 initiative, Beijing aims to decrease dependency on foreign technology imports, but it’s also seeking foreign investments to modernize its technology sector.

The News Lens

How high street brands are using in-store experiences to keep shops busy

Online shopping is synonymous with retail today, but brands are using smart technology to draw new customers back to the high street, says Jonty Sutton

Evening Standard

Shein is opening 30 stores across the UK this year set to rival Primark

The brand has confirmed that stores will open in 30 different locations, following the success of pop-ups in cities such as Manchester, Birmingham and Bristol

Manchester Evening News

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Daily Record

Shein announces plans to open 30 shops by end of year - including in UK

The online clothing retailer is set to open a host of pop-up shops by the end of this year.

Wales Online

The news comes not long after the brand's hugely successful pop-up shops earlier this year in Bristol, Birmingham and Cardiff

Bristol Post

Major online fashion brand set to open 30 stores this year

Shoppers have been begging the online retail giant to open stores

Irish Mirror

Eamon Ryan admits he's 'not fully aware' of SHEIN as he defends fast-fashion firm's Dublin launch

Speaking at a press conference just a week after SHEIN opened its EMEA headquarters in Dublin, Climate Minister Eamon Ryan said that he was not aware of the Chinese fast fashion company.

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The Guardian - UK

Boohoo swings to £91m loss as shoppers return more items

Online fashion business loses out as shoppers return to high streets after Covid lockdowns

ABC News

China's digital currency raises concern as wages of thousands of public servants moves to e-CNY

Starting this month, thousands of workers in a Chinese city will be paid their wages entirely in digital yuan, in what has been described by the central government as a "milestone" for the currency.

Axios

Ex-ByteDance exec claims CCP "maintained" access to U.S. data

The former engineering head called the tech giant "a useful propaganda tool for the Chinese Communist Party."

StockNews.com

China Crackdown: 3 Stocks Worth Avoiding in May

The regulatory crackdown in China, which intensified in late 2020, shows no signs of easing, with international consulting firm Capvison being its latest target over national security concerns. Continued China’s crackdown is expected to weigh on stocks significantly. So, it could be wise to avoid struggling Chinese stocks Air China…

The Hindu

iPhone maker Foxconn buys huge site in Devanahalli

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday (May 9) as it looks to diversify production away from China.

The Guardian - AU

China targets foreign consulting companies in anti-spying raids

State media report suggests growing suspicions of firms involved in due diligence and business research industries

Al Jazeera

China probes Capvision in latest raid on foreign company

Investigation into Capvision comes after recent police raids on Bain & Company and Mintz Group.

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