SHEIN

Both Temu and Shein are facing increased scrutiny and legal challenges. Last month, Indonesia has requested Apple and Google to block Temu from their app stores to protect small merchants from competing with ultra-cheap items.

Shein is said to be in the early stages of exploring the London option as the company has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the report added.

Shein's confidential US IPO filing was first reported by China's Shanghai Securities Journal last week. The Wall Street Journal earlier on Monday confirmed the report citing sources, the report added.

SHEIN, a Singapore-based online fashion and lifestyle retailer, has announced the acquisition of Missguided, a British women's fashion brand, from Frasers Group. The acquisition furthers the company's efforts to meet customer demand for product variety and consistently deliver an exciting customer experience.

SHEIN, a global, integrated, fashion and lifestyle marketplace , announced Thursday that it is allocating an additional $85 million over five years towards initiatives that support the "Equitable Empowerment" pillar of its evoluSHEIN roadmap. This is in addition to $70 million already committed in April.

Global retailer SPARC Group Holdings II LLC has on Thursday announced a strategic partnership with SHEIN, the Singapore-based integrated online marketplace for fashion, beauty and lifestyle products. Under the agreement, SHEIN acquires an approximately one-third interest in SPARC Group, a joint venture that includes Authentic Brands Group and Simon Property…