Market News
New launches
- On June 30, 2023, Shein, the China based online fashion retailer, worth more than US$60 billion, is under scrutiny from U.S. lawmakers over its labor practices, and had registered with regulators for an initial public offering in New York.
- On September 02, 2022, Pinduoduo, a multinational commerce group launched its U.S. online shopping site as the Chinese e-commerce giant makes its first major push overseas.
Acquisition and partnerships
- On April 15, 2021, Louis Vuitton, a France based luxury fashion house and company partnered with JD.com, a largest retailer in China to expand e-commerce in China
- On May 01, 2020, Secoo Holding Limited, the exclusive strategic online partner of China Fashion Week, launched the 2020 AW "cloud" fashion week on May 01, 2020. Secoo exclusively presented over 100 live stream sessions of fashion shows, presentations, and see now, buy now online sessions during the event, which concluded on May 07, 2020. In December 2020, Farfetch an e-commerce company focused on luxury clothing and beauty products acquired a minority stake in Mei.com and Dolap to expand its presence in China’s fashion ecommerce market. The deal was worth over US$400 million.