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31.08.26 - 18:54
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France takes aim at ultra-fast fashion with new levy targeting Asian e-commerce platforms (SCMP)
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France will from Tuesday impose a fee on ultra-fast fashion items that will eventually reach almost €20 (US$2.32) per garment, as the government targets major Asian e-commerce platforms including Shein.
The levy follows legislation passed by the French parliament in June to regulate “ultra-fast fashion” companies, known for selling large volumes of lower-quality clothing at rock-bottom prices.
It is part of a push to rein in Asian e-commerce giants including Shein, Temu and AliExpress, which......
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25.08.26 - 06:15
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Research: G Sachs Cuts PDD Holdings Inc. TP to USD134 on Mixed 2Q Results (AAStocks)
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G Sachs published a research report saying that PDD Holdings Inc. (PDD.US)'s second-quarter results were mixed. Online marketing services revenue grew 3% YoY, outperforming peers such as Taobao and Tmall Group (TTG), reflecting resilient GMV performance among domestic platforms. However, transaction services revenue growth was o......
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