Fast fashion titan Shein has confirmed its plans to float on ... quarter as it faced growing competition from Chinese rival Temu. The rival company initially aimed for a 2024 IPO in New York ...

Shein and Temu's sales slowed in the weeks after President Donald Trump announced tariffs and said he'd close the de minimis loophole, February data from Earnest Analytics showed. Shein seemed to ...

De minimis has helped propel Temu and Shein's explosive growth in the U.S ... and sustain their rock-bottom prices on everything from shoes and clothes to furniture and electronics.