Proposed move may increase delivery times, push price tags up by as much as 50% for items that continue to ship by air.
President Trump’s temporary suspension of a popular trade exemption that has in recent years turbocharged China-founded bargain platforms Shein and Temu has rattled the country’s cross-border ...
Shein’s net profit fell by almost 40 per cent ... the final quarter as it faced growing competition from Chinese rival Temu. The rival company initially aimed for a 2024 IPO in New York, yet ...
Tariffs on China include a 10% tax, along with closing a loophole that helped boost China-owned brands like Temu and Shein. When a foreign shipment arrives, it goes through customs and gets ...
The company has increased spending on marketing and logistics as it competes with Temu for market share. Shein has been approached for comment.