FILE PHOTO: The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023.
Temu, owned by PDD Holdings, filed a lawsuit accusing Shein of violating U.S. antitrust laws on Friday.
This marks the latest development in the increasingly competitive global fast-fashion market where the Chinese companies are vying for dominance.
Temu’s complaint alleged Shein “forces manufacturers to sign loyalty oaths certifying that they will not do business with Temu.”A Shein spokesperson on Wednesday repeated its initial statement regarding the lawsuit.
“We believe this lawsuit is without merit and we will vigorously defend ourselves,” the spokesperson said.
Persons:
Florence Lo, Temu, Shein’s, Shein, “
Organizations:
PDD Holdings, REUTERS, KONG, Reuters, Temu
Locations:
Temu’s, Shein, U.S