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EXPLAINED: Shein - The Real Truth

Global Markets: Shein eyes up to $3 billion Hong Kong IPO as soon as August, Bloomberg News reports

Fast-fashion powerhouse Shein is gearing up for an initial public offering in Hong Kong, aiming to secure between two to three billion dollars in funds. The company's long-awaited entry into the public market has been greenlit by China's securities regulator. With a targeted valuation between forty and fifty billion dollars,…

The Economic Times

Shein scheduled for Hong Kong IPO hearing on Thursday

Fast-fashion retailer Shein is nearing its market debut. The company received approval from Chinese regulators for its Hong Kong IPO. Once Shein obtains clearance from the stock exchange, it can then proceed to conducting investor roadshows and launching bookbuilding for ‌the IPO.

The Economic Times

Global Markets: Chinese fast fashion retailer Shein finally wins approval for Hong Kong IPO

Fast-fashion titan Shein has gained approval for its Hong Kong IPO after previous attempts were blocked. Although the company has faced strict regulatory examination and backlash in the US and UK markets, it seeks to rebound. Currently, investors project its valuation could be between forty to fifty billion dollars. This…

The Economic Times

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Is It the End for Temu and Shein? EU's New €3 Customs Duty Could Make Every Haul More Expensive

The EU's new €3 customs fee on e-commerce goods affects millions of Temu and Shein shoppers, aiming to protect European businesses but potentially raising prices for consumers.

International Business Times UK

Fast fashion: 69% of our clothes contain toxic chemicals

The European Union is implementing a new tax on imports, to limit purchases from fast-fashion e-platforms like SHEIN, Temu, and similar. Their bargain price tags hide a toxic reality, as testing reveals these ultra-cheap garments carry a hidden cost to human health.

Euronews

EU slaps €3 duty fee on SHEIN, Temu and AliExpress imports

A new €3 customs duty takes effect across the EU on 1 July, ending years of tax-free shopping from platforms like SHEIN, Temu and AliExpress and signalling the end for ultra-cheap online hauls. Watch the video.

Euronews

EU ends tax loophole exploited by SHEIN, Temu, and Aliexpress

The European Union is imposing a new tax on small imports, which will heavily impact Chinese giants like SHEIN, Temu, and AliExpress. What does this mean for European consumers, product quality, and brands?

Euronews

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South Korea bets big on AI with nearly a trillion dollars in investment

South Korea bets big on artificial intelligence with nearly $1 trillion worth of investment through 2029. Also in this edition, Comcast announces it will spin off NBCUniversal into a separate, publicly traded company. Plus France takes aim at Shein, Temu and AliExpress with a new law aimed at curbing ultra-fast…

France 24

French parliament passes fast fashion bill targeting Shein and Temu

The French parliament on Monday passed a bill aimed at curbing the rise of fast fashion, targeting major Asian e-commerce platforms such as Shein and Temu.

France 24

Can the EU stop SHEIN, Temu, and Aliexpress from dominating the e-market?

The EU is swamped with cheap parcels imported from Chinese e-commerce giants. Products from SHEIN, Temu and the like have been benefitting from a tax loophole that will soon be axed by the EU.

Euronews

Trump suggests US can swiftly reimpose sanctions on Russian oil

As the war in Ukraine took centre stage at the G7 summit in the French town of Evian, US President Donald Trump said Moscow should make peace with Kyiv and suggested that the US could bring back sanctions on Russian oil, now that the Strait of Hormuz is expected to…

France 24

French department store BHV Marais to end Shein partnership after backlash

French department store BHV Marais will end its partnership with Shein after its operating company sold the landmark Paris outlet to a group of executives. The move follows months of controversy over the fast-fashion retailer’s presence in the store, including outcry over its environmental impact, labour practices and its online…

France 24

Electric shock warning over phone chargers sold on Amazon, B&Q and eBay

Which? found nine phone chargers so badly manufactured that anyone using them was at risk of receiving an electric shock

Evening Standard

Aussie retailers under pressure from e-commerce giants

Australians are continuing to turn to global e-commerce providers as rising costs weigh on household budgets, heaping more pressure on local retailers.

AAP

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The Guardian - AU

Fake cigarettes and toys that are ‘essentially weapons’: Choice refers online retailers to regulator over unsafe products

Consumer group makes ‘super’ complaint to ACCC after investigation found dangerous items on platforms including eBay, Amazon and AliExpress

Evening Standard

Speed up plans to close import tax loophole on small parcels, British firms say

Retailers based overseas can send small parcels worth less than £135 to the UK without paying import duties.

The Mary Sue

London Designer Accuses The Met for Displaying ‘Temu Version’ of Her Work

Shein and other online retailers are guilty of letting mass-produced rip-offs fly under the radar. But Anouska Samms (@anouskasamms) told TikTok that her design wasn’t being plagiarized by any seedy platform. Instead, the Metropolitan Museum of Art—yes, the same institution that hosts the Met Gala—has taken and displayed her work…

International Business Times

Shein Buys California-Based Everlane, Says It Would Remain an 'Independent Brand'

Shein acquires California-based Everlane in a deal that keeps Everlane as an independent, sustainability-focused brand while giving Shein a stronger U.S. and premium retail foothold.

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