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Shein debuts in Hong Kong at $26bn valuation, shares slide 10%
Guardian WorldLO·HK · CN · SG·about 14 hours ago
France begins imposing a fee on ultra-fast fashion items, set to reach nearly €20 per garment, targeting Asian e-commerce platforms like Shein, Temu, and AliExpress. The levy follows June legislation and aims to curb environmental and economic impacts of low-cost, high-volume clothing. This marks a concrete regulatory step in the EU's broader scrutiny of Asian e-commerce giants, potentially setting a precedent for other member states.
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