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Shein Bet Big on Donald Trump. It Lost Big, Too
The fast-fashion giant launched an elaborate PR campaign in Washington, hiring at least three high-ranking Trump officials.
Temu, Shein see double-digit drop in US sales in first week after tariff price hikes
Both online shopping sites hiked retail prices to cover the costs of increased US tariffs. Read more at straitstimes.com.
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Temu, Shein see US sales drop in week after tariff price hikes
Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased ... products on its bestseller pages after April 25.
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Temu and Shein face massive tariffs but remain strong contenders in the U.S. e-commerce market, experts say
China-based Temu and Shein, two of the most disruptive new entrants in recent U.S. e-commerce history, are preparing for a ...
Shein, Temu report drop in sales, weighed down by US tariffs
PDD (PDD) shares are plunging as sales of Chinese online retailers Temu — which is owned by PDD Holdings — and Shein dropped ...
China’s Garment Factories Face a Tipping Point After New Tariffs
As a U.S. tax loophole ends, the apparel makers that sell to America are forced to consider alternative markets or cheaper ...
China ‘assessing’ potential trade talks with US
China signaled the nation is “assessing” potential trade talks with the U.S. amid the Trump administration’s trade war but ...