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Temu is planning to open up its marketplace to U.S. and European sellers, ET Retail

A Temu spokesperson on Thursday confirmed the company s plans, which was first reported in Chinese media. The company declined to provide additional details, saying that "many of the business details are still in the process of being finalized." ....

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Shein backers offer to sell at 30% discount as IPO prospects dim, ET Retail

Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as $45 billion, reflecting dwindling appetite for a company struggling with intensifying competition and regulatory scrutiny ahead of a long-awaited US debut. ....

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Shein backers look to sell shares at 30% discount, valuing it as low as US$45 billion amid dimming IPO prospects

The discount brings the valuation down from US$66 billion during a May 2023 funding round amid tough competition from PDD’s Temu while it also faces political scrutiny in Washington. ....

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Shein investors selling stock at 30% discount: Report

Shein's investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as US$45 billion, or a discount of around 30 per cent to its valuation about a month back, Bloomberg News reported on Thursday. Shareholders' stock sales in late 2023 valued Shein betwe ....

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