Ecommerce News

Sales Soar 50% for China E-Commerce Giant Shein


 

Chinese online retailer Shein saw sales of over $16 billion in the first half of 2022, 50% higher than a year earlier, Pandaily reported.

Its soaring revenues come thanks to the brand’s global appeal, said the report, with the online retailer’s app surpassing US giant Amazon for mobile downloads in America in the second quarter of 2022. With peak season approaching, Shein is set to hit its annual sales target of $30 billion ahead of schedule, it added.

 

Read the full report: Pandaily

 

Read more:

China Fashion Giant Shein Accused of Design Theft – WSJ

Chinese Online Retailer Shein Puts US IPO on Hold

Pinduoduo Plans E-Commerce Platform For US Market

China’s Trade Seen Falling in August Amid Softer Demand

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India’s economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.





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