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The Latest Breaking News from Shein

Seoul Authorities Find Toxic Substances In Shein And Temu Products

Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday.

International Business Times

London Stock Exchange denies lowering standards to win Shein IPO

Fast-fashion retailer had planned New York listing before US lawmakers raised concerns over forced labour allegations

The Guardian - UK

Shein announces a €250 million circularity fund, as the ultra-fast fashion giant inches closer to UK Stock Exchange listing

Why Shein is love-bombing the UK

Marie Claire

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Hundreds of China merchants join protest against Temu

Hundreds of merchants staged a rally at PDD Holdings Inc’s offices in southern China this week, protesting what they called unfair penalties that Temu’s owner is increasingly levying.

The Times of India

Can ultra-fast fashion titan Shein outrun its sustainability shadow?

City Voices: Scandals around supply chain, ethics and corporate culture can blow up and become big issues

Evening Standard

Temu, Shein and Aliexpress are attracting US customers in their millions, poll shows — and that's despite the fact the vast majority do not trust these online Chinese retailers in the first place

Chinese retailers Temu, Shein and Aliexpress are attracting US customers in their millions, despite widespread distrust.

TechRadar

Chinese-made T-shirts cash in on Trump’s defiant response to shooting

Chinese e-commerce platforms like Temu are selling apparel featuring image of a bleeding, fist-pumping Trump.

Al Jazeera

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A Shein float may not shine on the City

City Comment: Regulators should take a long-term view

Evening Standard

China's landfills brim with textile waste as fast fashion reigns and recycling takes a back seat

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

The Independent UK

Thames, Tata, Shein – it won’t be business as usual for Labour’s Jonathan Reynolds

The new business secretary will have big calls to make within a few days of sitting down at his desk

The Guardian - UK

Is Shein really worth £50bn? Reasons to be sceptical are piling up

Shein failed to list in the US and now the EU is planning customs duties that may dent its business model

The Guardian - UK

EU plan to impose import duty on cheap goods could dent Shein and Temu

Brussels move to end tax loophole exploited by China-linked marketplaces could also hit Shein’s planned London listing

The Guardian - UK

Do we really want a Shein IPO?

City comment: Listing rules are there for a reason and should not be bent for anyone

Evening Standard

EU Questions Shein, Temu Over Consumer Protection

The EU on Friday demanded wildly popular shopping platforms Shein and Temu explain what action they are taking to protect consumers, including children.

International Business Times

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Fortune

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.

Tom’s Guide

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.

The Guardian - UK

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

Fortune

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.

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Fortune

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

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

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.

The Guardian - UK

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

Pedestrian.tv

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.

Evening Standard

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

Fortune

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

How far can ultralow prices carry Temu amid scrutiny?

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