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5 Things To Know About 30-Year Old Scale AI Co-Founder Lucy Guo
Tuesday, June 24, 2025 - 1:12pm | 5881. She's the Youngest Self-Made Female Billionaire in the World At just 30 years old, Lucy Guo has surpassed Taylor Swift to become the world's youngest self-made female billionaire. Her net worth, estimated at around $1.3 billion, is largely due to her early stake in Scale AI. Guo’s wealth...
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Meta, Google, Snap Set To Lose Billions In Ad Revenue From Chinese Sellers As Trump Closes De Minimis Exemptions: Report
Monday, May 5, 2025 - 7:19am | 817Chinese online retailers Temu and Shein are grappling with the repercussions of a terminated tariff-free shipping loophole. The closure of this loophole has not only affected these retailers but has also impacted the digital advertising strategies of tech giants such as Meta Platforms Inc. (NASDAQ:...
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Temu, Shein Brace For Impact As Trump's Tariff Torpedo Blows Up The $800 Loophole
Wednesday, April 9, 2025 - 10:16am | 407The party's over for dirt-cheap Chinese fashion hauls. President Donald Trump just closed the "de minimis" loophole, a trade exemption that allowed foreign e-commerce titans like Temu and Shein to ship low-cost packages (under $800) into the U.S. tariff-free. Now, it's 90% duties or $75 per item....
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Dollar Tree Surges Nearly 8% After Citi Upgrade: Analysts Say Tariffs Could Boost Margins, Not Hurt Them
Monday, April 7, 2025 - 11:12pm | 662Discount retailer Dollar Tree Inc. (NASDAQ:DLTR) was riding high on Monday, ending the day up 7.8% following a surprise upgrade by Citi Research, which calls it one of the ‘silent beneficiaries’ of the widespread trade tariffs imposed by the U.S. Government over the past week. What...
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Trump Tariffs Test Amazon, But Goldman Says E-Commerce Giant Can Roll With It
Monday, April 7, 2025 - 4:19pm | 454Amazon.com, Inc. (NASDAQ:AMZN) shares have been down more than 10% since President Donald Trump revealed a tougher-than-expected tariff plan. According to Goldman Sachs, the Seattle-based e-commerce company could mitigate the impact of these tariffs in several ways. In a note to investors, the...
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Forever 21 Files For Bankruptcy: CFO Cites Competition From 'Foreign Fast Fashion Companies' Like Shein, Temu
Monday, March 17, 2025 - 1:01pm | 447Forever 21’s U.S. operating company announced on Sunday that it has filed for Chapter 11 bankruptcy, marking the retailer's second bankruptcy in six years. The Details: F21 OpCo, LLC, which operates the fast-fashion retailer in the United States, said in a statement that Forever 21 is...
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Shein CEO Says 'Zero Conversations' About Slashing $66B Valuation Ahead Of IPO, Backers Unfazed Amid Trump Tariff Woes
Thursday, March 13, 2025 - 9:49pm | 559Donald Tang, the Executive Chair of Chinese fast-fashion retailer Shein, assured that the company is preparing for a London listing while dismissing concerns about the company’s valuation. What Happened: Shein initially planned a New York listing for late 2023 but redirected its focus to the...
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Amazon 'Relatively Well-Positioned' To Face Trump's Tariffs: Analyst
Tuesday, February 4, 2025 - 3:07pm | 457President Donald Trump officially implemented new tariffs on China-made goods as of Tuesday. Here's a look at how recent trade policy developments could affect e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). What To Know: Trump issued an executive order placing a new 10% tariff in addition to the...
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Why Beer, Tequila, Avocados, Cars, iPhone Prices Could Rise: Trump's Tariffs On Canada, Mexico, China To Hurt Several Sectors
Monday, February 3, 2025 - 1:17pm | 1571President Donald Trump's announced tariffs on Canada, Mexico and China could impact many sectors and see retailers and companies raising prices on consumers to offset the higher prices. Here's a look at the sectors and stocks that could be hurt the most by Trump's tariffs and retaliatory efforts by...
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Amazon's Chinese Rivals Temu And Shein Got Hit Hard By Tariffs In This Country, Is It A Sign Of Things To Come Under Trump?
Thursday, January 2, 2025 - 11:35pm | 472Mexican authorities have imposed a 19% tariff on goods imported via courier from China, affecting popular online retailers Shein and PDD Holdings Inc.'s (NASDAQ:PDD) Temu, rivals to Amazon.com, Inc. (NASDAQ:AMZN). What Happened: This tariff, effective Wednesday, targets countries without relevant...
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Temu and Shein Are Shaking Up Western Retailers This Holiday Season
Sunday, December 1, 2024 - 3:20pm | 519Chinese e-commerce platforms Temu and Shein are outperforming Western retailers, using social media and a wide range of affordable goods to lure consumers. What Happened: Temu and Shein have transformed the online shopping landscape with their innovative business models and...
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Far From Fast: Shein's Overseas Odyssey Hits Fresh Obstacles
Wednesday, September 25, 2024 - 1:15pm | 1288Key Takeaways: A politician in Britain’s ruling party is calling for a review of Shein’s London IPO bid and a ban on goods sourced from Xinjiang A proposed U.S. move to revoke a tax exemption for low-value goods could add 20% or more to Shein’s prices By Lee Shih Ta The...
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Why Temu Parent PDD Holdings' Stock Is Down
Friday, September 13, 2024 - 11:17am | 689PDD Holdings, Inc. (NASDAQ:PDD) shares are moving lower Friday after the White House announced new measures to tackle the abuse of the de minimis exemption by Chinese e-commerce platforms including Temu and Shein. The Details: The Biden Administration issued an official statement on...
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Team Biden Targets Shein And Temu With New Rules To Curb 'Abuse' Of US Trade Loophole By Chinese E-Commerce Giants
Friday, September 13, 2024 - 8:49am | 563The Biden-Harris Administration announced new measures to tackle the abuse of the de minimis exemption by Chinese e-commerce platforms like Shein and PDD Holdings Inc. (NASDAQ:PDD) owned Temu. What Happened: As per the official statement from the White House on Friday, the de minimis exemption,...
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US Demands Probe Into Shein And Temu Over 'Deadly' Baby Products
Wednesday, September 4, 2024 - 3:22am | 542In recent developments, the U.S. Consumer Products Safety Commission (CPSC) has called for an investigation into e-commerce retailers Shein and PDD Holdings Inc. (NASDAQ:PDD) owned Temu. The demand comes in light of allegations regarding the sale of “deadly baby and toddler products” on...