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EXPLAINED: 18 - The Real Truth

Amazon is about to take on Temu and Shein by copying them

Amazon told top Chinese sellers that it will also start distributing their wares directly to U.S. consumers from a Chinese warehouse, reports say.

Fortune · Jun 27, 2024

Forget Temu — Amazon reportedly building new discount section that ships directly from China

A new report claims Amazon is working on a Temu and Shein competitor to offer discount products shipped directly from China.

Tom’s Guide · Jun 26, 2024

Human rights group urges UK financial regulator to block Shein’s LSE flotation

Campaigners allege Uyghur people used as forced labour at some of fast-fashion retailer’s cotton suppliers in China

The Guardian - UK · Jun 26, 2024

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Shein's IPO and CEO are incredibly secretive, avoiding alleged forced labor backlash

Shein is seeking to list itself in London’s stock exchange, after U.S. politicians rejected NYSE listing.

Fortune · Jun 25, 2024

Exclusive: Route raises $40 million Series C at a $1.4 billion valuation

Route has raised $40 million in its Series C, valuing the company at $1.4 billion, Fortune can exclusively report. The round was led by Hanaco VC, and included Jaws Ventures, Madrona Ventures, and Granger.

Fortune · Jun 25, 2024

Millennials’ fast-fashion favorite Forever 21 can’t keep up with e-commerce giant Shein’s meteoric rise

Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.

Fortune · Jun 24, 2024

Shein’s CEO is so low-profile that even his own employees don’t recognize him

That could change as Shein gears up to go public.

Fortune · Jun 18, 2024

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More Melroses, fewer Sheins: the real definition of success for London

Look to Simon Peckham’s return with Rosebank Industries for an example of where the market should place value

The Guardian - UK · Jun 18, 2024

Should Ultra Fast Fashion Brands Like Shein And Temu Be Taxed At Higher Rates?

Aussies are buying an average of 56 new items each year — more than anywhere else in the world. And our shockingly low average price per item indicates most of those are fast fashion items.

Pedestrian.tv · Jun 12, 2024

Special Opportunities REIT: London's biggest IPO of 2024 falls through in fresh blow to City

London’s IPO market has been exceptionally weak this year, with Raspberry Pi’s successful float yesterday a rare exception

Evening Standard · Jun 12, 2024

Americans are flocking to Temu, but they trust Amazon so much more

How far can ultralow prices carry Temu amid scrutiny?

Fortune · Jun 11, 2024

How a sundress made by right-wing site Evie bridged the political gap – simply because it looked ‘cheap’

A sundress sold by right-leaning Evie Magazine has prompted online backlash known as #SundressGate

The Independent UK · Jun 11, 2024

Stop Shein listing on the FTSE, workers’ rights campaigners urge

Groups issue call to next government amid criticism of online fashion retailer’s labour practices and accusations of copying

The Guardian - UK · Jun 9, 2024

Nine reasons not to buy Shein shares

The impending Shein IPO has got the City excited. Some have gone as far as to proclaim that the flotation will revivify the London Stock Exchange. But will you invest?

Evening Standard · Jun 7, 2024

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Fortune · Jun 7, 2024

Shein is bad for the fashion industry and our planet—but I can’t wait for the IPO

I’m rooting for the Shein IPO because I hope it will be the final wake-up call to the struggling fashion industry.

Evening Standard · Jun 6, 2024

Shein has ethical concerns? So do many London-listed companies — let's look at them too

City Comment: Maybe we should hold some FTSE 100 stalwarts to the same standards as the Chinese fast-fashion giant

Kiplinger · Jun 4, 2024

Chinese E-Tailers Are Surging in the U.S. Market: The Kiplinger Letter

Low costs and cheap shipping enable Temu and others to grab market share.

France 24 · Jun 4, 2024

Indian stocks tumble as election race tighter than expected

India's Nifty 50 index saw shares tumble as much as 7 percent this Tuesday as the country's election results are counted. These show a tighter race than expected, even if Prime Minister Narendra Modi is still on course to win a third term. Also in this edition, Chinese fast-fashion giant…

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Fortune · Jun 4, 2024

As Shein’s IPO approaches, what will it mean for the ultra-cheap online retailer and for London?

Shein turned to London when its IPO prospects in New York started to look tricky. Now, it promises to be one of London's biggest IPOs in recent memory.

France 24 · Jun 3, 2024

Major Japanese carmakers admit to cheating on certification tests

Japanese carmakers Toyota, Honda, Mazda, Suzuki and Yamaha have admitted to cutting corners or providing false data in safety tests needed to get vehicle models certified. The disclosures come as a result of internal investigations ordered by Japan's transport ministry in the wake of massive test rigging at Daihatsu, a…

Evening Standard · Jun 3, 2024

City hopes rise for £50 billion blockbuster Shein share listing to warm up the stock exchange's long winter

London could be home shares in the fast-fashion giant beloved of Gen-Z’s style and price conscious consumers

The Guardian - UK · Jun 3, 2024

Shein wins Labour support as it prepares £50bn London listing

Chinese fast-fashion retailer close to filing prospectus for IPO in boost for London Stock Exchange, say reports

The Guardian - UK · Jun 3, 2024

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

International Business Times · May 31, 2024

Chinese Shopping App Temu Faces Stricter EU Safety Rules

Chinese shopping app Temu will have to comply with stringent new safety rules after Brussels on Friday added the company to its list of digital firms big enough to face curbs.

Fortune · May 31, 2024

Shein’s long-awaited IPO could be one of the biggest in years—if it can just figure out where U.S. and Chinese regulators will let it debut

Shein is reportedly considering an IPO in London after its plans to list in New York hit a wall of resistance.

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