Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?

3
Comment
Favorite

Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?

Benzinga2023-12-15

PDD Holdings Inc (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Buythedip
·2023-12-16
Is SHEIN worth $90B ? And worth half of PDD and even more ridiculously worth half of BABA? Think about it and how is this not an overcrowded traded stock. While baba is being shorted down like a cheap stock, if this is not manipulated then what is it? just a matter of time when the band snaps and it bounce like a rocket to the moon. $Alibaba(BABA)$ $Pinduoduo Inc.(PDD)$
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2391724574?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-15 11:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2391724574","market":"us","top_or_hot":-1,"title":"Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?","media":"Benzinga","content":"<div>\n<p>PDD Holdings Inc (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemu Takes Shein To Court: What Does This Mean for US Fashion Retail?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-15 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PDD Holdings Inc (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0651946864.USD","symbol_name":"贝莱德新兴市场股票收益A2","start_time":0,"source_url":"https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html","article_id":"2391724574","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2391724574","pubTimestamp":1702611579,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"PDD Holdings Inc-owned Temu has filed a lawsuit against Shein, afast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices.This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other.Temu, operated byWhaleco Inc, accuses Shein of implementing a \"desperate plan\" to undercut its business.This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloombergreports.Also Read:Temu vs. Dollar Stores: Is Alibaba's Competitor Rewriting the Rules of American Retail?The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu.Temu contends that Shein's anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit.Shein,","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK4565":"NFT概念","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4554":"元宇宙及AR概念","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4553":"喜马拉雅资本持仓","BK4585":"ETF&股票定投概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BK4575":"芯片概念","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","BK4558":"双十一","BK4587":"ChatGPT概念","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4509":"腾讯概念","PDD":"拼多多","BK4535":"淡马锡持仓","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","BK4538":"云计算","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","BK4579":"人工智能","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","BK4122":"互联网与直销零售"},"translate_title":"穆特将Shein告上法庭：这对美国时装零售业意味着什么？","themeId":"fa15f917602042188480c98c024dba5b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDD":1},"content_text":"PDD Holdings Inc (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices. This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other. Temu, operated by Whaleco Inc, accuses Shein of implementing a \"desperate plan\" to undercut its business. This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloomberg reports.The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu. Temu contends that Shein's anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit. Shein, which has yet to respond to these allegations, is reportedly pursuing an initial public offering in the U.S., targeting a valuation as high as $90 billion.Temu's entry into the U.S. market in late 2022 is said to have contributed to a decline in Shein's valuation, previously exceeding $100 billion. The lawsuit also alleges Shein's corporate relocation to Singapore as a strategy to improve its reputation, despite most of its operations and employees remaining in China. Additionally, Temu accuses Shein of poaching its marketing executives and signing restrictive supplier agreements.According to Bloomberg Second Measure data, Temu has been leading in U.S. transactions against Shein since May, with its parent company PDD's market capitalization recently surpassing Alibaba Group Holding Ltd (NYSE: BABA), partly due to Temu's international achievements.PDD stock has gained over 73% year-to-date while BABA lost over 22%.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":252504614019360,"gmtCreate":1702657463245,"gmtModify":1702657467734,"author":{"id":"3573375517846152","authorId":"3573375517846152","name":"Buythedip","avatar":"https://community-static.tradeup.com/news/e7905324638a15789f7ab478cba611c9","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Is SHEIN worth $90B ? And worth half of PDD and even more ridiculously worth half of BABA? Think about it and how is this not an overcrowded traded stock. While baba is being shorted down like a cheap stock, if this is not manipulated then what is it? just a matter of time when the band snaps and it bounce like a rocket to the moon.&nbsp;<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a><a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$&nbsp;</a>","listText":"Is SHEIN worth $90B ? And worth half of PDD and even more ridiculously worth half of BABA? Think about it and how is this not an overcrowded traded stock. While baba is being shorted down like a cheap stock, if this is not manipulated then what is it? just a matter of time when the band snaps and it bounce like a rocket to the moon.&nbsp;<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a><a href=\"https://ttm.financial/S/PDD\">$Pinduoduo Inc.(PDD)$&nbsp;</a>","text":"Is SHEIN worth $90B ? And worth half of PDD and even more ridiculously worth half of BABA? Think about it and how is this not an overcrowded traded stock. While baba is being shorted down like a cheap stock, if this is not manipulated then what is it? just a matter of time when the band snaps and it bounce like a rocket to the moon. $Alibaba(BABA)$ $Pinduoduo Inc.(PDD)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/252504614019360","repostId":2391724574,"repostType":2,"repost":{"id":"2391724574","pubTimestamp":1702611579,"share":"https://www.laohu8.com/m/news/2391724574?lang=&edition=full","pubTime":"2023-12-15 11:39","market":"us","language":"en","title":"Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?","url":"https://stock-news.laohu8.com/highlight/detail?id=2391724574","media":"Benzinga","summary":"PDD Holdings Inc-owned Temu has filed a lawsuit against Shein, afast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices.This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other.Temu, operated byWhaleco Inc, accuses Shein of implementing a \"desperate plan\" to undercut its business.This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloombergreports.Also Read:Temu vs. Dollar Stores: Is Alibaba's Competitor Rewriting the Rules of American Retail?The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu.Temu contends that Shein's anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit.Shein,","content":"<html><head></head><body><p><strong>PDD Holdings Inc</strong> (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices. </p><p>This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other. </p><p>Temu, operated by <strong>Whaleco Inc</strong>, accuses Shein of implementing a &#34;desperate plan&#34; to undercut its business. </p><p>This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloomberg reports.</p><p>The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu. </p><p>Temu contends that Shein&#39;s anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit. </p><p>Shein, which has yet to respond to these allegations, is reportedly pursuing an initial public offering in the U.S., targeting a valuation as high as $90 billion.</p><p>Temu&#39;s entry into the U.S. market in late 2022 is said to have contributed to a decline in Shein&#39;s valuation, previously exceeding $100 billion. </p><p>The lawsuit also alleges Shein&#39;s corporate relocation to Singapore as a strategy to improve its reputation, despite most of its operations and employees remaining in China. </p><p>Additionally, Temu accuses Shein of poaching its marketing executives and signing restrictive supplier agreements.</p><p>According to Bloomberg Second Measure data, Temu has been leading in U.S. transactions against Shein since May, with its parent company PDD&#39;s market capitalization recently surpassing <strong>Alibaba Group Holding Ltd</strong> (NYSE: BABA), partly due to Temu&#39;s international achievements.</p><p>PDD stock has gained over 73% year-to-date while BABA lost over 22%.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemu Takes Shein To Court: What Does This Mean for US Fashion Retail?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-15 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PDD Holdings Inc (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK4565":"NFT概念","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4554":"元宇宙及AR概念","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4553":"喜马拉雅资本持仓","BK4585":"ETF&股票定投概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","BK4575":"芯片概念","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","BK4558":"双十一","BK4587":"ChatGPT概念","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4509":"腾讯概念","PDD":"拼多多","BK4535":"淡马锡持仓","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","BK4538":"云计算","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","BK4579":"人工智能","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","BK4122":"互联网与直销零售"},"source_url":"https://finance.yahoo.com/news/alibaba-rival-temu-takes-shein-130710863.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2391724574","content_text":"PDD Holdings Inc (NASDAQ: PDD)-owned Temu has filed a lawsuit against Shein, a fast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices. This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other. Temu, operated by Whaleco Inc, accuses Shein of implementing a \"desperate plan\" to undercut its business. This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloomberg reports.The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu. Temu contends that Shein's anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit. Shein, which has yet to respond to these allegations, is reportedly pursuing an initial public offering in the U.S., targeting a valuation as high as $90 billion.Temu's entry into the U.S. market in late 2022 is said to have contributed to a decline in Shein's valuation, previously exceeding $100 billion. The lawsuit also alleges Shein's corporate relocation to Singapore as a strategy to improve its reputation, despite most of its operations and employees remaining in China. Additionally, Temu accuses Shein of poaching its marketing executives and signing restrictive supplier agreements.According to Bloomberg Second Measure data, Temu has been leading in U.S. transactions against Shein since May, with its parent company PDD's market capitalization recently surpassing Alibaba Group Holding Ltd (NYSE: BABA), partly due to Temu's international achievements.PDD stock has gained over 73% year-to-date while BABA lost over 22%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}