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IPO-Ready Shein Enjoys More Traffic Than Fast-Fashion Rivals, Data Shows: Are Temu, Poshmark In The Dust?
Friday, July 12, 2024 - 3:33pm | 447Despite a decline in global web traffic, down 13% year-over-year, fast-fashion innovator Shein is showing robust growth in other respects. What Happened: Ahead of the Singapore-based company’s initial public offering (IPO), Similarweb Stock Intelligence highlighted how, in the U.S. and U.K...
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Amazon Vs. Temu, Shein, TikTok Shop: Who's Winning The US E-Commerce Battle?
Wednesday, July 10, 2024 - 8:47am | 542In the fierce battlefield of e-Commerce, Amazon.com Inc (NASDAQ:AMZN) continues to reign supreme, but emerging challengers like PDD Holdings Inc‘s (NASDAQ:PDD) Temu, Shein, and TikTok Shop are making significant strides. Wedbush Securities analyst Scott Devitt’s latest survey of over 1,...
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After Regulatory Hurdles In US, Alibaba-Rivals Shein And Temu Face Customs In EU
Wednesday, July 3, 2024 - 7:51am | 543The European Union (EU) is considering imposing on inexpensive goods bought online through Chinese retailers like Alibaba Group Holding Limited‘s (NASDAQ:BABAF) rivals Shein and PDD Holdings‘ (NASDAQ:PDD) Temu. What Happened: The European Commission is set to propose the abolition of...
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Alibaba Rival Shein Confidentially Files London IPO Filing Amid US Regulatory Hurdles On Chinese Firms: Report
Monday, June 24, 2024 - 9:13am | 437Shein, the fast fashion behemoth and rival to Alibaba‘s online fashion arm, reportedly filed for an initial public offering (IPO) in London. This move comes amid the company’s ongoing struggles with its U.S. IPO filing. What Happened: Shein’s confidential filing for a London IPO...
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Is Amazon's Stock Invincible? Redditors Discuss The Bear Case
Tuesday, May 28, 2024 - 10:17am | 886Amazon.com Inc (NASDAQ:AMZN) has consistently shown growth across its diverse business segments, from e-commerce to cloud computing. While the bullish outlook for the Seattle-based company is well-documented, understanding the potential risks is crucial for a balanced investment strategy. A recent...
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Shein Mulls London IPO As US Listing Faces Hurdles: Report
Tuesday, February 27, 2024 - 3:34am | 708Shein, the Chinese fast-fashion giant, is reportedly contemplating a shift of its initial public offering (IPO) from the U.S. to London due to regulatory obstacles. The company is also considering other potential venues, including Hong Kong and Singapore. What Happened: Shein, which was initially...
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Zara's Parent Company Targets Shein With Budget Brand Lefties' Strategic Expansion
Thursday, February 22, 2024 - 4:13am | 670Industria De Diseno (OTC:IDEXY), the parent company of Zara, is launching a strategic expansion of its budget brand, Lefties, to counter the growing influence of the Chinese fast-fashion giant Shein. What Happened: Inditex is expanding its budget brand, Lefties, in response to the competitive...
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Air Freight Costs Are Soaring: Why Chinese E-Commerce Giants Like Shein, Temu Are To Blame
Wednesday, February 21, 2024 - 10:14am | 519The sheer volume of packages from these fast-fashion giants has led to increased air freight costs from key Asian hubs, creating capacity shortages and eliminating traditional off-peak seasons. What Happened: According to Reuters, e-commerce giants like Shein and Temu — owned by PDD Holdings Inc (...
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Shein's Backers Look To Offload Shares At 30% Discount Amid Fading Hopes For IPO
Thursday, January 25, 2024 - 5:02am | 695The highly anticipated initial public offering (IPO) of Shein, a global online fashion giant, is facing a significant setback as investors are struggling to sell shares at a 30% discount in private market deals. What Happened: Investors are finding it challenging to offload Shein shares in private...
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Alibaba Rival Shein's IPO Plans Under Fire: Congressional Inquiry into Company's Data Privacy and Forced Labor
Thursday, December 21, 2023 - 9:35am | 505Alibaba Group Holding Limited (NYSE: BABA), alongside other Chinese-owned e-commerce platforms like ByteDance Ltd owned TikTok, PDD Holdings Inc (NASDAQ: PDD) Temu, and Shein, is under scrutiny by U.S. lawmakers for data privacy practices and its relationship...
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The Fastest Growing Brands In 2023: ChatGPT, Starry, Zelle, Shein, Tesla, Hulu And More
Thursday, December 7, 2023 - 7:07am | 1738An annual survey reveals the fastest growing brands in the U.S. and includes rankings for fast growth brands amongst different age groups. Likely to no surprise, lists are dominated by the rise of artificial intelligence. What Happened: Morning Consult ranks the fastest growing brands among U.S....
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Online Fashion And Lifestyle Retailer Shein Plans US IPO With Up To $90B Valuation: Report
Tuesday, November 28, 2023 - 9:22am | 302Singapore-based fast fashion platform Shein has confidentially planned to go public in the U.S. Shein raised $2 billion at a $66 billion valuation in 2023. The fashion platform will likely go public at a valuation of up to $90 billion, TechCrunch reports. Shein is known for...
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China's Shein Reportedly Sets Sights On US IPO Amidst Market Volatility And Geopolitical Tensions
Wednesday, July 5, 2023 - 4:33am | 560Amidst market volatility and geopolitical tensions, China’s online retail giant Shein has set its sights on a potential U.S. Initial Public Offering or IPO, making waves in the fashion and investment worlds. What Happened: China-founded online retailer Shein is reportedly in discussions with...
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Instagram Meets Pinterest: TikTok Ban Could Be Coming, Parent Company ByteDance Might Have An Answer With Lemon8
Wednesday, March 29, 2023 - 12:40pm | 930The battle for dominance in social media and short-form video content in the U.S. has seen TikTok become one of the biggest apps in the country. TikTok has seen others try to emulate its features and could benefit from a potential ban. But TikTok’s parent company might have a backup plan in...
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Joe Biden Seeks To Ban TikTok...But Top 4 Most-Downloaded Apps In US Are Chinese-Owned
Tuesday, March 28, 2023 - 8:40am | 633Despite TikTok facing increasing scrutiny as lawmakers prepare to ban it, four out of the top 10 most-downloaded apps in the U.S. are owned by Chinese companies. What Happened: Last week, the CEO of TikTok, Shou Zi Chew, said that the popular Chinese-owned short-form video...