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The Chinese fast fashion giant Shein has become one of fastest growing e-commerce companies in the world; according to TIME, the company did $100 billion in sales in 2022, up from $10 billion in 2020.
Shein, originally named ZZKKO, was founded in China in 2008 by entrepreneur and search engine optimization (SEO) marketing specialist Chris Xu (Xu Yangtian). [11] [5] [12] Information on Xu's educational and career background remains elusive as of 2022, with sources conflicting on details of his biography.
Image Credits: Shein. The battle between two of China’s largest e-commerce firms is heating up, as they take the cutthroat tactics that have long been around in the country to the international ...
Risky reliance on China. Amassing supply chain data makes sense for Shein from both financial and strategic standpoints, according to McNeal. “Purchasing this software provides Shein with an ...
Shein was the most downloaded shopping app in the U.S. last year, overtaking Amazon; Temu, which is the sister app of China’s online deals giant Pinduoduo, managed to climb to the top of the U.S ...
Both Temu and Shein are Chinese-owned e-commerce companies specializing in low-cost and discount goods — mostly shipped from China. Temu’s WhaleCo is owned by China-based PDD, which also owns ...
Alongside Shein, US lawmakers have also addressed questions to American firm Nike , German company Adidas and Boston-based retailer Temu, which is owned by PDD, over the steps each has taken to ...
Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public ...