Online fashion upstart Shein is being sued by fast-fashion rival Temu, due to what Temu describes as ‘intense’ anticompetitive tactics, writes Sarah Zheng for Bloomberg. This latest lawsuit “revives” an earlier legal dispute that was dropped but now Temu alleges that “Shein filed tens of thousands of copyright takedown notices against Temu, and interfered with suppliers and merchants, added the Bloomberg story. Other companies with an online retail prescence include Amazon (AMZN), Walmart (WMT), JD.com (JD),Vipshop (VIPS).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMZN:
- Amazon (NASDAQ:AMZN) Slips Despite New Project Kuiper Advance
- Amazon (NASDAQ:AMZN) Cleared of €250 Million Back Tax by EU Court
- These 3 stocks are Cowen’s best ideas for 2024 including Amazon and Biogen
- The Internet stocks to own in 2024, according to JPMorgan
- Guru Organic Energy launches Fruit Punch on Amazon.com
