Want to buy something online and have it shipped into the US? Well, get ready to pay more for the privilege. Starting Friday, small packages imported into the country will be subjected to a duty.
The Trump administration is levying a new tax on all packages coming into the country—regardless of value—starting August 29. This is the latest push in President Trump’s global trade war.
The new policy is the result of an executive order issued in July that officially suspended the de minimis import exemption for all countries. Previously this exemption allowed shipments valued at less than $800 to enter the country without being subjected to a duty fee. The change means any seller shipping packages into the US will now be charged a fee even if the value is well under $800.
The fee amount for imports varies depending on the tariff rate the Trump administration has levied on the shipment’s specific country of origin. This fee can range from 10 to 50 percent of the item’s value. For at least the next six months, shippers can also choose to pay a flat fee instead of the new value-based duty, and that fee will be anywhere between $80 and $200 per shipment.
Lots of people are freaking out about this. Postal services in Europe, Mexico, and Japan, along with companies like DHL have said they will suspend shipments to the US. Independent sellers on platforms like Etsy are worrying that the additional costs will make it pricier to ship their bespoke goods. And, like the tariff shuffles earlier this year, the move has caused further chaos for merchants and supply chains as sellers consider how much more to charge going forward.
“There’s obviously going to be some sort of a balancing act of not trying to raise prices quickly to avoid shocking consumers,” says Juozas Kaziukėnas, a technology analyst who focuses on global trade and services like Temu and Shein. “There’s really no way to get around it.”
Gift It
If you’re not selling something and just want to send a package across country lines, you can still declare the item a gift. If you’re using a service like Royal Mail in the UK, the package will avoid the new costs if you classify it as a gift and declare the value to be under $100.
Declaring something a gift is not exactly a winning strategy for businesses or Etsy sellers, though, as it would be seen as an effort to wriggle out of the increased cost.
“Catching tariff avoidance is probably one of the top priorities for the DOJ right now,” Kaziukėnas says. “It’s not something you want to mess around with.”
Sellers Beware
While there has been a lot of consternation about tariffs this year, Kaziukėnas says most of the chaos and upheaval has been felt by the sellers. The new fees are also likely to hit independent sellers harder, since their smaller sales volumes makes it more difficult for them to absorb the added costs.
“Things you would buy on eBay, things you would buy on Etsy, random things from Japan or random things from somewhere in Portugal, those are now uniquely exposed to this change.” Kaziukėnas says.
(CNN) — International postal services are suspending shipments to the United States after an exemption on tariff duties for small packages is set to expire. It’s the latest example of how President Donald Trump’s sweeping trade policy is impacting US consumers and businesses.
Beginning Friday, the “de minimis” exemption, which allowed shipments of goods worth $800 or less to enter the United Statesduty free, will be eliminated.
It’s another blow to the exemption that provided a loophole for e-commerce giants: In May, the Trump administration suspended the rule on packages coming from China and Hong Kong. Those high duties, which were reduced from 120% to 54%, especially hurt low-cost sellers like Shein and Temu.
European and Asian postal services have taken matters into their own hands by announcing plans to halt shipments as early as Monday. Singapore’s SingPost and India’s Department of Posts said they will also temporarily suspend some shipments to the United States.
International postal service DHL said August 25 will be the last day it accepts shipments to the United States, joining European peers in halting shipments, including the Austrian Post, which will stop accepting shipments to the United States on August 26.
“There is currently insufficient information available on the customs clearance procedures that will be required in the future. This tightening of regulations poses major challenges for all postal companies worldwide when shipping goods to the USA,” the Austrian Post said.
The change is expected to affect discount sellers, like Amazon Haul and TikTok Shop, as well as online marketplaces Etsy and Shopify, all of which have connected US consumers to businesses worldwide.
Reshaping business models
US Customs and Border Protection estimated that more than 1.36 billion de minimis shipments entered the country last fiscal year. The agency processes more than 4 million de minimis shipments each day.
According to the latest executive order, businesses may face an $80 per item charge for a country with a tariff rate less than 16%, or costs as high as $160 per item for a country with a tariff rate of between 16% and 25%, and $200 per item for a country with a tariff rate above 25%. On August 7, the US imposed new tariff rates on many trading partners, with Brazil facing the highest tariff rate, at 50%.
Abbott Atelier Jewelry, a Vancouver, Canada-based business, warned customers in an Instagram post that it would “pause shopping for a little while as we look for a solution” and August 25 would be the “cut off date to bring orders across the border.”
Some businesses are passing the additional tariff costs on to shoppers.
Korean cosmetics brand Olive Young said that once the de minimis exemption ends, 15% duties will be applied to all orders, “regardless of the purchase amount,” beginning August 27. The duty and taxes will be shown at checkout, so “there will be no additional charges upon delivery.”
Wool Warehouse, a United Kingdom-based yarn and crafting company, estimated extra charges on its exports to the United States may average 50% more. But the company doubts customers would eat the additional costs and decided to suspend shipping on August 21.
“Clearly this is not something we want to do. The US is a significant part of our business. This decision is based on our current understanding of the rules,” the company wrote on its website.
Britain’s Royal Mail will also halt services for US shipments beginning Tuesday. It would last roughly two days, until a system is prepared for the new shipping requirements.
Etsy recommended sellers pay duties and other fees when purchasing shipping labels. That option allows tariff-inclusive prices to be present and calculated on Etsy for a “seamless shopping experience.”
But some Etsy sellers plan to halt sales to US customers anyway.
Shed Maid, a UK-based jewelry maker, said its shop would close to US customers from August 29 — a customer base that accounts for 50% of its orders, according to a post on TikTok.
“It is going to have a huge impact on my business … I’m not sure what I’m going to do,” they said, adding, “I hope to be able to send to (American customers) again soon.”
Tsai didn’t mention Pinduoduo by name, but from its beginnings, the shopping platform has never made the merchant its focus like Alibaba did: It has always prioritized getting the user the lowest price online.
“In retail ecommerce, price wars are continuous and will never stop,” says Zhuang Shuai, retail analyst and founder of Bailian Consulting. “They’re effective in the short term but not a long-term effective way to compete.”
Pinduoduo has even instated policies that favor customers to the detriment of merchants. Since 2021, Pinduoduo has allowed consumers to get refunds without returning the item, if what they got didn’t match the seller’s description. The Chinese counterpart to Tiktok, Douyin introduced a similar policy in September 2023, as did Taobao and JD at year end.
The platform is also edging into territory traditionally occupied by its competitors by welcoming dealers for established brands like Apple and Louis Vuitton.
Competitors like JD, which banked on being the destination for quality products and fast logistics, are at risk of their users being stolen. “JD is worried it can’t retain its existing users, and also won’t be able to attract price-sensitive users,” says one former mid-level JD manager, who asked for anonymity because of potential professional repercussions, about Pinduoduo’s rise. On its app homepage, JD has begun aping Pinduoduo by emphasizing discounts.
Pinduoduo has also made international expansion a priority by launching Temu for international markets, a step that many retail Chinese companies haven’t taken. It used to be fine for a Chinese brand to stay within the Chinese market—after all, the consumer base is huge. Rather than make international expansion a side thought, Pinduoduo spent a reported $21 million on ads at the SuperBowl earlier this year; The Wall Street Journal also reported that Temu was Meta’s single biggest advertiser in 2023, racking up $2 billion in spend. That push has paid off; in the first half of this year, Temu spent more days ranked first for downloads on both the iOS App Store and Google Play Store in the US than any other app.
The company is facing headwinds, though. In addition to the potential US curbs on cheap shipments, other countries and regions are moving in a similar protective direction. Brazil passed a law levying a 20 percent tax on purchases up to $50 in June. The EU has considered scrapping its $150 duty-free threshold. In August, South Africa announced it would introduce a value-added tax on imported low-value goods, which had previously enjoyed a concession.
Managing director of CTR Market Research Jason Yu says it’s “very likely” that Temu would take a hit if the US goes through with it. “Competing on lower price will not be a sustainable strategy for companies like Temu or Shein in the long run,” he says. “With the change of law, their advantage in price will be less obvious.”
It all adds up to “a gloomy outlook for cross-border online shopping in 2025,” says Tendolkar, the research analyst.
At least on the surface, Pinduoduo isn’t worried. A Pinduoduo spokesperson tells WIRED, “If their [policy change is] fair, we believe they won’t tilt the competitive landscape.”
Here’s an experiment you can run yourself. Open up a category on Amazon — Electronics, Toys, Home Garden & Tools, whatever — and scan the first page for a product listed with no obvious brand, or perhaps a semi-brand like IOCBYHZ, BANKKY, or KLAQQED. Take a look at the product photos and description, and note the price. Next, try to find the product on Temu, the discount app with the Super Bowl ads, and check how much it costs. Next, try to find it on AliExpress, the international e-commerce subsidiary of the Chinese Alibaba Group, or on TikTok Shop. Finally, you can look for it on Alibaba proper, where it might be available as well, shipped straight from China.
Sometimes, not always, but more than you might expect, this works. Take this dress from CUPSHE, listed on Amazon at $47.99, with more than 4200 ratings, mostly positive. On Temu, where it also ships for free from a “local” (read: domestic) warehouse, it’s listed as “Womens Casual Boho Lace Hem Floral V Neck Long Beach Dress Cocktail Party Maxi Wedding Dress” and costs just $16.49. On TikTok Shop, it’s on Flash Sale with free shipping for $27 dollars. On AliExpress, it’s available at lots of prices from different sellers, for $9.90 with $9.60 shipping, or, on promotion, shipped free with an alleged 85.2% chance of arriving within 14 days for $8.66.
Photo-Illustration: Intelligencer; Photos: Temu, TikTok Shop, Amazon, and AliExpress
I didn’t order these dresses, so I can’t verify that they’re exactly the same or that one isn’t a rip-off of another, nor do I know enough about boho maxi dresses to tell you if these are a rip-off of a design from outside the discount e-commerce world.
Photo: Amazon
But again, this isn’t uncommon. One popular speaker, for example, branded as T&G, is $15.75 on Amazon, $8.38 on Temu, and $4.94 with free shipping on AliExpress. It’s clearly… inspired by popular speakers from 78-year-old company JBL which also sell on Amazon, albeit for $89.95 on steep discount.
Photo: AliExpress
The process works across categories: a pair of bike shorts goes from $19.99 to $11.77 to $2.30; a folding utility wagon goes from $95 to $38.99 (indistinguishable from the one our family purchased on Amazon in 2023 for $110.59). Are these the exact same products? Maybe, and in many cases probably. It’s possible they’re made from the same reference designs by different factories; in other cases, they might be sold by the same sellers on different platforms.
But for anyone willing to take a little time to comparison-shop across big online stores, it’s clear something is happening: Amazon is becoming more like Temu, TikTok Shop, Shein, and AliExpress while Chinese e-commerce platforms are becoming, in America at least, more like Amazon. The big stores are all selling the same brandless imports from China, sometimes at wildly different prices, and converging on similar logistical strategies: Temu is shifting seller inventory to American warehouses to reduce shipping times; Amazon is planning to launch a dedicated discount section with products that ship from overseas in about a week.
In the broadest sense, this is pretty familiar stuff. Different stores offering some of the same products at different prices with different levels of convenience is the story of big-box physical retail and grocery stores, too. But this is different in some ways that are obvious and others that are more subtle. These aren’t chain stores offering occasional discounts on branded products with MSRPs, but rather marketplaces full of sellers who are individually pricing anonymous products based on fluctuations in warehousing rates, shipping, and the cuts taken by the e-commerce platforms. Additionally, the products we’re talking about range from junk to solid unbranded alternatives — this is, across the board, discount shopping. You might score a 90 percent discount on a fast-fashion shirt or some home decor dupes, but you’re not going to get a shocking Temu deal on, say, a PlayStation, although you can buy them there, which wasn’t really true when it first launched.
These companies are approaching the same e-commerce strategy from very different positions as well. Temu, an international subsidiary of e-commerce giant Pinduoduo, is spending heavily to break into foreign markets including the United States, in many cases subsidizing shipping and prices and reportedly operating at a massive loss; AliExpress has been making slower inroads with its product, which is more overtly a cross-border whole-adjacent marketplace, with long shipping times and minimal domestic marketing.
Amazon’s drift into cross-border e-commerce predates the likes of Temu and these other competitors. Since the late 2010s, a majority of Amazon’s sales have been attributable to third-party sellers, many of whom pay substantial fees to the company for logistical support (warehousing, shipping) and advertising. This strategy has been great for Amazon in a lot of ways: it shifts market research and risk to sellers; rather than stocking their own products, the company charges sellers to stock theirs; the company is now the third-largest player in digital ads, behind Meta and Google, owing mostly to fees it charges Amazon sellers to be visible on Amazon. It’s also changed the product in more complicated ways. American sellers, many of whom sourced or manufactured their products overseas, soon found themselves competing with sellers with more direct connections with Chinese factories; Amazon, for its part, courted overseas sellers. American sellers were made to look like middlemen, which in some ways they were — the companies they were building were less brands than high-ranked-and-reviewed Amazon listings, and the manufacturers they worked with knew exactly what kinds of margins they were getting.
Now, something similar is happening to Amazon as a whole. While the platform has been moving downmarket, becoming more hostile to name brands whose products are being undercut and in some cases plainly ripped off, China-based competitors are attacking it from below, working with some of the same manufacturers and sellers to cast Amazon as the middleman with needlessly high prices. While Amazon initially pushed into cross-border e-commerce on its own terms, now it’s doing so defensively.
Amazon still has huge advantages here. It’s profitable, widely liked and trusted, and still used by tens of millions of Americans to buy mainstream products from recognizable brands. Customers who use it to buy an occasional CUPSHE dress, on which Amazon and a third-party seller are collecting huge margins, are likely to be buying batteries or detergent, too. And no company, foreign or domestic, can come close to Amazon’s Prime shipping infrastructure.
But there are obvious risks, too. Customers like cheap things, but they like cheaper things more. It’s not clear that Amazon can profitably win in a race to the bottom, or that it won’t damage its reputation trying. Amazon risks making its marketplace fully uninhabitable for more established brands, and hostile to domestic sellers, some of whom have called its Temu-ish plans a “slap in the face.”
Then there are customers. An ornate nine-dollar dress on AliExpress is an ethical and environmental nightmare, a semi-disposable garment of sewn-together externalities. But so is the one on Amazon — which is also something worse, at least in the eyes of the marketplace: a really bad deal.
File photo of Amazon’s Robotic Fulfillment Center on December 19, 2023 in Sutton Coldfield, England.Photo: Nathan Stirk (Getty Images)
Amazon plans to launch a new store that will allow U.S.-based shoppers to buy low-cost, unbranded items delivered directly from China, according to new reports from CNBC and The Information. The plan is widely seen as an attempt to compete with China-based competitors like Temu and Shein.
Top 5 Shopping Tips for Amazon Prime Day
Amazon’s plan for the store leaked on Wednesday after the online retail giant hosted an invite-only call with sellers in China, according to CNBC. A presentation reportedly featured products like arm weights and phone cases.
As CNBC explains, the plan is for Amazon to help ship products directly from China to customers in the U.S., a shift from the previous model that forced sellers to ship first to Amazon fulfillment centers in the U.S. before the packages made their way to American homes.
An Amazon spokesperson didn’t provide any futher details on the plan and would only say, “We are always exploring new ways to work with our selling partners to delight our customers with more selection, lower prices, and greater convenience.”
Amazon is clearly trying to fight back against relatively new competition from online retailers in China like Temu and Shein, which have gained steam in recent years by offering dirt-cheap prices and shipping direct. And that influx of money from Chinese retailers also helped other Big Tech platforms rake in cash. As just one example, Temu’s parent company PPD spent $2 billion on ads with Meta last year, according to the Wall Street Journal last month.
While the timing for the launch of Amazon’s new storefront hasn’t been announced, the presentation given to sellers in China today reportedly suggested it could happen as soon as the fall.
WHITEHALL, N.Y. (NEWS10) — Friends, family and the community gathered in front of the Whitehall Elementary School at the circle, tonight, for a special vigil to honor fourth grader, Airyonna Jabot.
Attendees held balloons and blowing bubbles for little Airyonna, the 10-year-old girl who tragically lost her life in a house fire back on the May 7.
Her family says she will be remembered for her lover spirit, and as the little girl who stuck up for those being picked on or bullied at school.
When it came to food, she was all about spaghetti and meatballs, tacos and chicken tenders from Sunoco.
Aryionna loved drawing and had an affection for Squishmallows and silly snapchat filters. Her family said she was excited about the new kittens her cat just had. They also said she is quite the little shopper as she favored the shopping app, TEMU.
Calling hours for family and friends are tomorrow from 4 pm to 6 pm at Carleton Funeral home in Hudson Falls with funeral services on Thursday followed by and afternoon graveside service.
According to the American Red Cross, the fire at 5 Maple Avenue displaced a total of 10 people. Officials tell NEWS10 there are no new updates, and the fire remains under investigation.
Temu, the Chinese e-commerce company whose app is now attracting longer engagement times than Amazon, is Apple’s most downloaded free app in the U.S. for 2023. The Cupertino-based tech giant today released an App Store feature that showcases the top iPhone apps of the year, free and paid, as measured by app installs — its proxy for overall popularity. This year, apps from Chinese-based companies have taken over spots previously held by U.S. tech giants like Meta and Google, as CapCut and TikTok, which hail from Beijing-based ByteDance, came in at No. 3 and No. 5, respectively.
Meta, which last year held the No. 3, No. 4, and No. 9 spots with WhatsApp, Instagram, and Facebook, respectively, showed up in the top 10 this year with a slightly different mix. Gone from the charts is Facebook, while Meta’s new app Instagram Threads was the No. 3 app by U.S. downloads. Instagram and WhatsApp followed at No. 6 and No. 9, slipping in position from their ranking last year.
Google, meanwhile, had dominated last year’s list with the No. 2 app YouTube, just behind TikTok, as well as No. 5 Google Maps, No. 6 Google Search and No. 7 Gmail. In 2023, however, Google’s only two apps in the top 10 by downloads included No. 7 Google Search and No. 8 YouTube, both also slipping in ranking from last year.
The shift in downloads could represent that U.S. tech giants are nearly at a market saturation point, where their apps aren’t as in demand as they were in previous years because many already have them installed. It also points to the growing demand for apps from Chinese firms, like ByteDance, which are attracting younger users’ attention along with government scrutiny, with TikTok being banned from a number ofgovernment devices over concerns about its China ties. Montana also attempted to ban TikTok in its state, but that ruling was put on hold by the courts for the time being as TikTok’s lawsuit progresses.
The negative attention TikTok has received in the year may account for its slip from being the No. 1 app last year to now the No. 5 app. But U.S. consumers haven’t sworn off Chinese apps by the looks of things, given Temu’s No. 1 position. Data from Apptopia, reported by Bloomberg, noted that consumers were spending 18 minutes per day in Temu’s app, compared with 10 minutes in Amazon. Younger users spent even higher amounts of time, at 19 minutes per day, on average. While Temu attracts users with in-app games, its real draw may be its bargain prices — which have more of an appeal during an economic downturn.
The only other top app in the list not from Meta, Google, or a Chinese firm was Max (formerly HBO Max), which showed up as the No. 3 app by downloads in the U.S.
The top paid apps list showcases a different market, more often of smaller developers or those building useful productivity tools, creative apps, or utilities that users are willing to pay for. Here, the top 10 included (in order): Shadowrocket, HotSchedules, Procreate Pocket, The Wonder Weeks, 75 Hard, Autosleep Track Sleep on Watch, Goblin Tools, TonalEnergy Tuner & Metronome, SkyView, and AnkiMobile Flashcards.
The top free games, meanwhile, included several of last year’s winners, like Roblox, Call of Duty: Mobile, Subway Surfers, and Parking Jam 3D, as well as some new additions. This list’s No.1 app was MONOPOLY GO!, followed by Roblox (up from No. last year), Royal Match, Subway Surfers (down from No. 2 last year), Gardenscapes, Call of Duty: Mobile (up from No. 8 last year), Block Blast!, Makeover Studio: Makeup Games, Parking Jam 3D (ranked the same as last year), and Survivor!.io.
The top paid games in the U.S. were led by Microsoft-owned Minecraft, and also included Heads Up!, Geometry Dash, Bloons TD 6, MONOPOLY, Papa’s Freezeria To Go!, Plague Inc., Red’s First Flight, Five Nights at Freddy’s (which became a movie this year, too), and Grand Theft Auto: San Andreas.
Apple’s feature also includes separate lists of the top iPad apps and games, both free and paid, for the year, as well as top Apple Arcade games. The latter offers the only glimpse into Apple’s subscription gaming store, which is otherwise a black box as it doesn’t feature a Top Charts section like the larger App Store does.
There’s some overlap in these lists, though streaming apps make a better showing among the free iPad apps. That list includes (in order) Max, YouTube, and Netflix in the top 3 spots and Disney+, Prime Video, and Peacock at No. 5, 8, and 10, respectively. Top iPad games also include more kid-friendly titles, like Toca Life: Hospital (No. 5) and Teach Your Monster to Read (No. 7).
It’s December, which means it’s officially acceptable to put your Christmas decorations up.
Unfortunately for one Disney fan, her House of Mouse-inspired Yuletide ornament turned out to be nightmare fuel, with the bizarre effigy traumatizing people online.
Shaped like a Christmas tree, the knick-knack features three tiers of snow-covered Disney scenes—two of which include cartoon famous princesses and their beaus rotating around the snow-covered trunk.
Left: A Disney Christmas tree ornament from Temu. Right: Social media influencer Seb Laz. TikToker Seb Laz’s mom was “devastated” by the bizarre ornament. TikTok/@sebbylaz
However, the ornament was not quite what Laz’s mom expected, with the TikToker zooming in on the characters’ mutilated faces.
“The BIG Mermaid,” he jokes, showing a close-up of a distorted Ariel and Prince Eric from the 1989 animated feature film.
The prince’s hair appears to have merged with his face, while his forehead sports an impressive monobrow. Ariel does not fare much better, with the underside of her fringe monstrously blending into her skull.
Next up is Belle and Prince Adam from Beauty and the Beast (1991). While the Beast doesn’t look much different from his cartoon self, Belle’s face appears to have melted, with her eyes sitting wonkily at different heights on her head.
Snow White and Prince Florian, from the 1937 classic Snow White and the Seven Dwarfs, also look to be having a rough time. Dubbed “Snow Yellow” by Laz, the princess is another victim of melted-face syndrome, while Florian’s enlarged forehead gives off Frankenstein’s monster vibes.
Sleeping Beauty—or as Laz renames her, “Sleeping Ugly”—and her painted-on smile could give anyone bad dreams, while her prince appears to be missing chunks of hair and skin.
“CinderFella” seems to have suffered far less than the other princesses in the mix, but her prince should sue his eyebrow waxer, with circular splotches dabbed right in the center of his forehead.
While Laz doesn’t give a clear shot of “POCABOUNDA”—in other words, the star of the 1995 cartoon Pocahontas—the head tilt would suggest she’s looking into John Smith’s eyes, while his runaway pupils peer up into the sky.
According to the caption, Laz’s mom was “devastated,” with the influencer unable to decide “which was the worst one.”
Fellow TikTokers found the footage hilarious, with the clip receiving more than 2 million views in 24 hours.
Left: A close-up of “Sleeping Ugly.” Right: A close-up of “Snow Yellow.” TikTok users found the unfortunate order mix-up hilarious. TikTok/@sebbylaz
“Was it rescued from a fire??” asked Liv Murphy.
“Looks like it was painted while it was spinning,” said Lucy.
“Their beauty is on the inside,” suggested Jessica Harrington.
“Cursed…. Definitely cursed,” wrote Lora, while user6037178677593 dubbed it the ornament “so awful it’s fabulous.”
Even Temu commented on the video, asking Laz to share his order details so the company could “assist you in resolving any issues.”
The app is a subsidiary of Chinese online retailer Pinduoduo and offers a wide range of products at low prices, from homeware to fashion, toys and electronics.
However, Temu has also been criticized for allegedly losing orders, sending knock-off items, refusing refunds and poor customer service. The Better Business Bureau (BBB) has received over 1,300 complaints about the app in the past year, with the organization giving Temu a “C-” rating.
Newsweek has reached out to Seb Laz and Temu for comment via email.
Uncommon Knowledge
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.
We won’t be getting our hands on a Shein filing just yet, but we can’t wait to — especially to understand the logic and math behind its ubiquitous ads. But in the meantime, we landed on some unexpected tidbits from Molten Ventures, which will be of interest to both VCs and founders.
By the way, if you plan to be in San Francisco on January 24, that’s your opportunity to join StrictlyVC’s first event of 2024. There, you’ll get to hear exclusive insider content from the Silicon Valley VC scene while creating meaningful connections over cocktails with fellow investors, entrepreneurs and executives. Buy your ticket today! — Anna
Lights and shadows
Fast-fashion platform Shein confidentially filed to go public in the United States, according to multiple media reports that consolidated earlier rumors. A few weeks ago, Bloomberg suggested that it was targeting a valuation of up to $90 billion.
