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The Latest Breaking News from Temu

Banned beauty products are still one click away in India and around the world

Banned skin-bleaching products containing mercury are still available for purchase online. These illegal items are found on Amazon, Temu, and TikTok Shop marketplaces globally. Sellers are relisting products under misleading names to evade detection by authorities. Health advocates and regulators are working to remove these dangerous items from sale.

The Economic Times

EU Commission eyes major import overhaul to crack down on illegal Chinese products

Brussels is preparing a new law to crack down on non-compliant imports as part of a broader effort to curtail illegal Chinese products entering the EU market. The draft proposal also includes liability for online marketplaces, a new market surveillance fee and centralised enforcement.

Euronews

China's Temu may have spent as much as $962 millionon Meta ads in the UK and Europe, with 73 of its top 100 creators likely fake

Temu may have spent nearly one billion dollars on Meta ads promoting products. Research suggests many boosted accounts likely do not represent real influencers. These accounts, often based in Russia and China, promoted Temu products extensively. This practice raises legal questions regarding misleading commercial practices in Europe. The findings also…

The Economic Times

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China Threatens France Over New Shein and Temu Levy as Paris Defends 'Eco-Friendly' Fashion Crackdown

France enacts a law imposing levies on ultra-fast fashion brands like Shein and Temu to curb environmental impact, sparking opposition from China, which views the measure as discriminatory.

International Business Times UK

China lambasts France’s ‘discriminatory’ fast-fashion law

China on Thursday called on France to abandon a new law on ultra-fast fashion that would impose fees of up to almost €20 per garment, calling it "clearly discriminatory". The law, which targets major Asian e-commerce platforms including Shein and Temu, aims to curb the industry's environmental and local economic…

France 24

China demands France scrap fast fashion law targeting Shein and Temu

Beijing has threatened with unspecified measures in response to France’s new environmental penalties on ultra-fast-fashion retailers.

Euronews

Shein Finally Made It To The Stock Market. Investors Immediately Knocked 9% Off Its Shares.

The fast-fashion giant raised about $1.7 billion in Hong Kong at a valuation of roughly $26.5 billion, far below its $100 billion peak.

International Business Times

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Shein and Temu items could face €20 levy in France’s crackdown on ultra-fast fashion

Imports of small parcels from China have already fallen by up to 40 per cent since a separate €3 EU levy came into force in July.

Euronews

France takes aim at fast-fashion giants with new pricing penalties

France will start imposing fees on ultra-fast fashion from Tuesday, with charges set to rise to almost €20 per garment as the government steps up pressure on major Asian e-commerce platforms including Shein.

Radio France Internationale

France targets Shein and Temu with fast fashion fees

The fees add to Shein's difficulties as the end of duty-free access for cheap ecommerce parcels in the European Union and the ⁠U.S. caused ‌the company'svaluation to plunge ahead of its stock market debut in Hong Kong on Tuesday. Shein's spokesperson in France, Quentin ⁠Ruffat, has previously said the fast-fashion…

The Economic Times

Global Market: Shein's weak listing draws analyst concerns over valuation and margins

Shein shares fell 8% on their Hong Kong debut despite strong IPO demand, reflecting concerns over slowing growth, tariffs, trade restrictions, valuation and competition. The fast-fashion giant is diversifying into third-party marketplaces and lifestyle categories, but investors remain cautious about whether Shein can sustain growth and profitability amid rising challenges.

The Economic Times

No place for ‘cheap tat’ on Not On The High Street, says Dragons’ Den investor

Sara Davies said Not On The High Street was no longer trying to compete with Chinese online marketplaces such as Shein and Temu.

Evening Standard

Temu's $962M Meta Ad Blitz Under Fire: 73% of Top Creators Likely Fake, 47 Based in Russia and China

Research estimates Temu spent $962 million on Meta ads as 73 of its top 100 creators showed signs of likely inauthenticity

International Business Times UK

France targets Shein and Temu with new fast fashion levy

Starting this week, France will charge a penalty on cheaply made clothing sold by ultra-fast fashion retailers, with the fee reaching nearly €20 per item by 2030. Aimed at platforms like Shein, Temu and AliExpress, the levy follows a June law targeting disposable fashion's environmental toll, though rival brands like…

France 24

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Fortune

Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta platforms, research claims

Among the top 100 influencers collaborating with Temu, about 73 are fake, ORL researcher Vendula Prokůpková says.

Euronews

Chinese imports plunge 30% to 40% after EU tax on small parcels

Since 1 July, the EU has levied a €3 customs duty on parcels worth under €150 and the measure is already biting as imports, especially from China, have slumped by 30% to 40%.

MarketBeat

PDD Beat Earnings—So Why Did the Stock Still Fall?

PDD Holdings beat earnings estimates but missed on revenue, with net income falling as spending on subsidies and AI rises, leaving shares lower despite the profit beat.

The Independent UK

Shein’s £20bn stock market float: Should you be buying clothes or shares?

Shein previously attempted to list on the London Stock Exchange - should investors still consider it?

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International Business Times

Temu To Strengthen Governance, Upgrade Supply Chains As Trade Rules Shift

Temu sits at an "unique" intersection of global trade, touching the daily lives of billions of people around the world, said Lei Chen, co-chairman and co-chief executive officer of PDD Holdings.

International Business Times

Shein's IPO Could Come At a Quarter Of Its Past Valuation

The fast-fashion giant could seek a valuation of around $25 billion in its Hong Kong IPO as investors question whether it can revive the explosive growth that once made it one of the world's most valuable startups.

The Guardian - US

Trump’s dismal Patriot Games were the Hunger Games ordered off Temu

Monkey bars, gawky teenagers and a presidential cameo, all nationally televised by ABC, combined for the most leaden hour of America’s 250th birthday summer

The Independent UK

Temu wins High Court copyright battle against fast fashion rival Shein

Shein UK claimed that photographs of its products taken by employees were also used on Temu

Benzinga

Zohran Mamdani Targets Walmart, Amazon, Target and Others Over 'Illegal' E-Bikes and E-Scooters: 'Too Many Lives Have Been Cut Short'

New York City Mayor Zohran Kwame Mamdani has launched a crackdown on online retailers selling allegedly illegal high-speed e-bikes and e-scooters, targeting major platforms including Walmart Inc. (NASDAQ:WMT), Target Corp. (NYSE:TGT), Wayfair Inc. (NYSE:W), Temu parent PDD Holdings Inc (NASDAQ:PDD) and Amazon.com, Inc. (NASDAQ:AMZN) over public safety concerns.

Euronews

Temu accused of obstructing EU inspection in Ireland

The European Union on Friday accused Temu of failing to hand over information during an inspection as part of a probe into the Chinese-owned online retailer.

Bangkok Post

AliExpress hit with $629m EU fine over sales of illegal, counterfeit products

BRUSSELS - Alibaba's AliExpress was hit with a record €550 million (US$629 million) fine by the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform.

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