Connect with us

Business

China’s Fast-Fashion Giant Shein Faces Dozens of Lawsuits Alleging Design Theft



HONG KONG—In only a few years, the Chinese attire large Shein has captured the marketplace for bargain-seeking Gen-Z consumers by providing big varieties of low-cost attire each day. Along the way in which, it has picked up a long list of complaints of copyright theft from large manufacturers and boutique designers.

Valued at greater than $100 billion and backed by big-name investors equivalent to Sequoia Capital China and General Atlantic, Shein—pronounced “she-in”—has loved booming progress. Its attraction consists of cut-rate costs, profitable tie-ups with on-line influencers and an endlessly refreshing wardrobe of as much as 6,000 new gadgets a day.



Source link

Trending