General Atlantic, Mubadala, Tiger Global and Sequoia Capital China were among its investors, Reuters reported at the time. Shein was valued at more than $60 billion in a $2 billion private fundraising round in March.
lawmakers are also seeking to restrict the "de minimis" tariff exemption widely used by e-commerce retailers such as Shein to send orders from China to the United States. The United States bans exports from Xinjiang for this reason. Shein has said it adheres to ethical sourcing standards and has denied allegations that it ships from China's Xinjiang region, where materials such as cotton are often the product of forced labor by the Uyghurs, a mainly Muslim ethnic minority. representatives who have called for an independent audit to verify that the company does not use Uyghur forced labor, before it is allowed to list shares. Shein's IPO is opposed by a bipartisan group of two dozen U.S.
0 kommentar(er)
