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Temu

Sources: Shein's Profit Plummets

Criticized fashion giant Shein's profit plummeted by nearly 40 percent in 2024, reports Financial Times, citing sources close to the newspaper. Behind the decline lies, among other things, a sharply increased competition from Chinese Temu, which has also specialized in selling low-price goods worldwide.
Sources: Shein's Profit Plummets
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