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News

China Economic Review
chinaeconomicreview.com > shein-cuts-hk-ipo-valuation-to-around-25-bn

Shein cuts HK IPO valuation to around $25 BN

5+ hour, 44+ min ago   (156+ words) chinaeconomicreview.com Online fast-fashion retailer Shein is eyeing a company valuation in its planned Hong Kong IPO of just a quarter of the nearly $100 billion number seen in a share sale four years ago, reports Reuters. This comes as the…...

China Economic Review
chinaeconomicreview.com > beijing-pushes-back-against-eu-fines-to-chinese-e-commerce-giants

Beijing pushes back against EU fines to Chinese e-commerce giants

3+ week, 5+ day ago   (243+ words) China accused the European Union and France of erecting discriminatory trade barriers, warning of possible retaliation after the bloc imposed a €550 million ($628 million) fine on Alibaba Group’s AliExpress, reports Caixin. The Commerce Ministry said on Wednesday it was “strongly dissatisfied…...

China Economic Review
chinaeconomicreview.com > beijing-summons-e-commerce-giants-over-excessive-competition

Beijing summons e-commerce giants over excessive competition

2+ mon, 6+ day ago   (140+ words) chinaeconomicreview.com Beijing’s market regulator has summoned major e-commerce platforms including Taobao, Tmall and JD.com over excessive competition during the ongoing “618” shopping festival, reports Caixin. On Thursday, the Beijing Municipal Administration for Market Regulation held talks with Taobao, Tmall,…...

China Economic Review
chinaeconomicreview.com > temu-fined-232-mn-for-sale-of-illegal-products-in-eu

Temu fined $232 MN for sale of illegal products in EU

2+ mon, 2+ week ago   (161+ words) chinaeconomicreview.com Chinese online retailer Temu has been fined €200 million ($232 million) for not doing ​enough to stop the sale of illegal products, reports Reuters. Further penalties could follow in the coming months as a result of a nearly two-year investigation…...