All posts tagged: Temu

Shein Buying Everlane Actually Makes Perfect Sense

Shein Buying Everlane Actually Makes Perfect Sense

Published by skeptic

On Friday, the ultrafast-fashion giant Shein finalized its acquisition of Everlane, a US clothing retailer that made its name by promising “radical transparency” into how its clothes were made. Neither company disclosed the price of the deal, but Puck reported last weekend that it clocked in at $100 million. Founded in 2010, Everlane became synonymous with a certain strain of millennial consumerism that was supposed to be the exact opposite of Shein. It mainly sold elevated basics, and told a generation of anxious and high-minded shoppers that they could feel morally good about buying yet another pair of plain ballet flats or black high-waisted skinny jeans. Shein, by contrast, became notorious by flooding the internet with astonishingly cheap, trendy clothing produced at enormous scale. It has been criticized for years for alleged poor labor practices. Given how differently Shein and Everlane positioned themselves, many people online felt the acquisition fell somewhere between darkly ironic and outright dystopian. The fashion writer Derek Guy, better known online as the “menswear guy,” articulated the vibe in a post …

‘Temu Range Rover’: what the bestselling Jaecoo 7 says about China’s electric car ascendancy | Automotive industry

‘Temu Range Rover’: what the bestselling Jaecoo 7 says about China’s electric car ascendancy | Automotive industry

Published by Sam Flores

The UK is no stranger to foreign cars. The bestseller lists in recent years have been dominated by the US’s Ford Puma, Japan’s Nissan Qashqai, Korea’s Kia Sportage and occasionally even Tesla’s Model Y. But in March the top 10 provided a shock: a Chinese car leapt into the lead. Little more than a year after launching in the UK, China’s Chery sold 10,064 of its Jaecoo 7 crossover SUVs during the month, beating all the usual suspects. It was not the first Chinese-made car to make it to UK number one (it follows Tesla’s Shanghai-made Model 3 and the HS made by MG, a formerly British brand owned by China’s SAIC). But the manner of the Jaecoo’s ascent has been dizzying, and Chery has made it clear it wants to keep that spot. Chery, partly state-owned, has been the largest Chinese exporter for the past 23 years, but now it is making an aggressive push into Europe, starting with sales of its Omoda, Lepas and Chery brands in the UK, Spain and Italy. Chery …

QVC Prepares for Bankruptcy Protection in the Era of Influencers, TikTok and Temu

QVC Prepares for Bankruptcy Protection in the Era of Influencers, TikTok and Temu

Published by Sam Flores

NEW YORK (AP) — The owner of home shopping network pioneer QVC — which for years garnered the attention of millions of TV viewers looking for a deal on baubles and housewares, is planning to file for Chapter 11 bankruptcy protection. A filing about imminent bankruptcy protection by parent company QVC Group, which also owns HSN, formerly the Home Shopping Network, arrives as long-running TV shopping networks struggle to adapt to the rapid shift by consumers now tuning in to livestreams on TikTok, or online marketplaces like Shein. According to an annual report filed with the Securities and Exchange Commission this week, the company said that it intends to file for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas after reaching a restructuring agreement with creditors. Its goal is to emerge from bankruptcy protection before the summer is over, but the West Chester, Pennsylvania, company warned that its access to funding is difficult to predict. It noted significant fees and other costs in connection with the preparation for …

It Seems Bad That Temu Is Selling Peptides

It Seems Bad That Temu Is Selling Peptides

Published by José Betancourt

Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images Silicon Valley’s biohacking obsession with poorly-studied chemical substances has reached its logical endpoint: they’re now buying peptides on Temu. To understand why that matters, it helps to know a little about peptides: short chains of amino acids that act as signalers, telling our cells what to do. Though many peptides occur naturally in our bodies, others do not. As consumables, they’re sold based on the makeup of the amino acid chain, variations of which are said to offer different boosts to cellular functions, like muscle growth, tissue repair, and mental cognition. (GLP-1s, the popular weight-loss medications sold under brand names like Wegovy and Zepbound, are a perfect example of synthetic peptides — albeit ones that have been rigorously studied in human patients.) The drugs have exploded in popularity in San Francisco over recent months, where tech bros take various DIY cocktails as pills, creams or injections to optimize their bodies — a type of biohacking in keeping with the optimization-obsessed startup ecosystem. From those bespoke circles …