By Bloomberg Published Jan 11, 2024 Consumer and retail companies weighing initial public offerings in 2024 will be closely watching the spending outlook for their customers, after the surprisingly bright …
By Bloomberg Published Jan 4, 2024 TikTok aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, according to people familiar …
Translated by Cassidy STEPHENS Published Jan 2, 2024 While the general public is beginning to embrace generative AI which, simply put, offers personalised texts and images, the fashion and luxury …
By Bloomberg Published Jan 1, 2024 Until the rise of online retail, you might have been forgiven for thinking that all apparel was shipped in burlap sacks. Those wanting their garment spending …
People shop at Shein’s holiday pop-up store inside the Forever 21 branch at Times Square in New York City on November 10, 2023. Photo: Reuters “China’s tech companies face strong …
By Reuters API Published Dec 16, 2023 During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd …
Chinese e-commerce giant Alibaba Group Holding is taking more steps to expand its overseas business as it jostles with fast-growing platforms such as Shein and Temu to become the bridge …
Translated by Nicola Mira Published Dec 15, 2023 German fashion e-tailer Zalando is making its first foray into invite-only shopping. Customers will need to sign up to have a chance …
“Temu has discovered that Shein’s anti-competitive behaviour has not only persisted but intensified,” the latest lawsuit states, adding that “Shein’s persistent and increasingly aggressive use of anti-competitive conduct, coercion, and …
Shares in GoTo, whose business includes ride-hailing, delivery and financial services, tumbled 8.3 per cent after the announcement, as some investors took profit from the stock’s recent rally on expectations …