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China’s Fast Fashion Apps Become New Geopolitical Battleground – The Motley Fool

China’s Fast Fashion Apps Become New Geopolitical Battleground – The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It’s completely free and we guarantee you’ll learn something new every day.Washington isn’t just dressing down Chinese tech giants.Online fast-fashion darlings are facing the same geopolitical headwinds buffeting the likes of TikTok and Huawei. Shein, the company that bulldozed a path to Western consumers for fellow China-based fast-fashion apps, took a valuation haircut of around $34 billion on Wednesday.Fashion Is DangerThe fast fashion colossus, which rode to international success during the pandemic with its easy-to-use platform and startlingly cheap clothes, was valued at $100 billion last year.… 

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