During the 1980s and 1990s, one of the most read books in China was The Third Wave by American writer and futurist Alvin Toffler. The biggest takeaway for China was that it could not miss the third wave of transformation of human society, which involves the internet and information technology, after being left behind during …
Rise of China’s Temu and Singapore’s Sheinhas been exponential in the US. The e-tailers revenues have surged in the past year. Shein reportedly grew more than 40%, and is said to be on its way to surpass Zara — the world’s largest retailer. Shein has been able to trump fast-fashion incumbents Inditex’s Zara and H&M, …
Retail giant H&M has filed a copyright infringement lawsuit against its fast-growing online competitor, Shein, in a Hong Kong court. H&M confirmed the lawsuit against Shein and Zoetop Business, a Hong Kong-based company affiliated with the online retailer. Known as one of the world’s most popular brands, H&M has long competed with Zara’s owner, Inditex, …