Fast-fashion giant Shein plans Mexico factory

Market Impact

Shein competes with PDD Holdings’ (PDD.O) Temu, which sells low-priced items ranging from clothing to electronics from China in the U.S. They both face growing scrutiny from the U.S. Congress over what some lawmakers describe as their exploitation of U.S. trade laws. Shein also has come under fire in markets including India and Brazil for its supply-chain links to China.