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PDD (PDD) shares are plunging as sales of Chinese online retailers Temu — which is owned by PDD Holdings — and Shein dropped sharply after tariff-driven price hikes, according to Bloomberg.
“Cheap goods” sold on Temu and Shein aren’t as cheap as they were 24 hours ago. On Friday, the two companies raised prices on many goods in advance of new tariffs set to take effect next wee ...
Shein is under siege in South Africa. It is losing market share, and the South African Revenue Service (SARS) is set to withdraw all its concessions. In March, SARS Commissioner Edward Kieswetter ...
Shoppers are noticing price increases on the ultra-low-cost sites Shein and Temu. In addition to recent tariffs, President Donald Trump ended a customs exemption that allows goods worth less than ...
NEW YORK: Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market intelligence firm Sensor ...
Chinese e-marketplace Temu and fast-fashion retailer Shein will raise prices next week as U.S. President Donald Trump's sweeping tariffs and crackdown on low-value imports push up costs ...
The Trump administration’s plan to add steep fees to packages from China will deal a blow to Temu, Shein and some TikTok Shop sellers, worrying American consumers. By Sapna Maheshwari Tamika ...
She regularly appears on CBS News 24/7 to discuss her reporting. Shein and Temu, two popular Chinese e-commerce sites known for their low-cost items, say they will raise prices for U.S. consumers ...
Your favorite T-shirts, dresses and cheap appliances from Shein and Temu just got pricier because of President Trump’s tariffs. The Chinese web retailers on Friday hiked prices to offset a 120% ...
Shein's U.K. daily active users increased 5% and Temu's increased 10% On a year-to-year basis, Temu increased its ad spending in the UK by 20% and in France by 115%.