Temu files fresh lawsuit against Shein, accusing its rival of 'mafia-style intimidation'
Publishing timestamp: 2023-12-14 01:59:56
Summary
Chinese online retailer Temu has filed a new lawsuit against its rival Shein, alleging copyright infringement and mafia-style intimidation of suppliers. Temu claims that Shein has illegally detained merchants, stolen their accounts and passwords, and forced them to leave Temu's platform. This comes after both parties dropped previous lawsuits against each other in October. Temu focuses on selling low-cost goods made in China, while Shein relies on contracted manufacturers. Temu is owned by PDD Holdings, which also backs the e-commerce app Pinduoduo. Shein recently filed for an IPO and was last valued at $66 billion.
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Keywords: business news, pdd holdings inc, u.s. economy, lawsuits, technology, breaking news: technology, apparel retail,