Topic

Sheini

Shein is an online retailer focused on fast fashion and low-price shopping. The company is considered one of the most valuable start-ups in the world, with the Shein app cited as the most downloaded shopping app in 2022 and 2023. Shein has drawn scrutiny over allegations that it uses forced labour for cotton sourced from the Xinjiang region.

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  • AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million for a 5 per cent stake in Ably Corp
  • A successful investment in Ably would enable Alibaba to gain a bigger foothold in South Korea, where AliExpress competes against Gmarket and Coupang
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