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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.
The stock market debut could make Shein the most valuable Chinese company to go public in the United States since ride-hailing giant Didi Global listed in New York in 2021 at a $68 billion valuation.
This has enabled China-founded e-commerce platforms like Shein and Pinduoduo's Temu to ship small packages directly to American consumers without paying tariffs.
That loophole has been a boon for Shein, a retailer known for fast fashion that was founded in China in 2012 but is now based in Singapore, and Temu, which was founded in Boston in 2022 but is ...
In October 2022, the New York Attorney General fined Shein, its affiliate Romwe, and parent company Zoetop for $1.9 million over its handling of a 2018 data breach in which 39 million Shein ...
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 ...
Shein, an online discount clothing retailer whose labor practices in China are being questioned by U.S. lawmakers, spent $600,000 in the second quarter in lobbying on Capitol Hill, its first ...
Fast fashion retailers Shein and Forever 21 are going into business together. Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in ...