Chinese fashion app that's as popular as Amazon
#1

By Michelle Toh, CNN Business

Updated 0015 GMT (0815 HKT) August 15, 2021


Every night before bed, Anushka Sachan whips out her phone to log into an app.

"It kind of becomes a habit," said the 20-year-old Hong Kong University student. "Before sleeping, I'm just like, 'Okay, check in.'"
The platform Sachan is using belongs to a Chinese brand called Shein — pronounced "She In" — which has rapidly attracted a global army of teen fans on TikTok.

The company is a mysterious online shopping upstart that has made headlines recently for surpassing Amazon (AMZN) in app downloads in the United States, and creating a cult following for its fast fashion apparel sold all over the world. Some experts even say it's beating stalwarts like Zara and H&M at their own game, by making items more quickly and being more digitally savvy with customers.

"They're making fast fashion look slow," said Erin Schmidt, a senior analyst at Coresight Research, a global advisory and research firm specializing in retail and technology. "They've changed the model."



https://edition.cnn.com/2021/08/14/busin...index.html
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)