Search results for Shein
AI & Enterprise
China adds 67 new unicorns in first half as AI, robots dominate
China produced 67 new unicorn companies in the first half of 2026, showing a rapid expansion in its tech startup ecosystem focused on artificial intelligence and robotics. More than 53 percent of new unicorns were in AI and robotics. Hangzhou-based AI startup DeepSeek drew attention after being valued at about 400 billion yuan in its first external fundraising. PitchBook data showed China accounted for 67 of 90 new unicorns globally in the period.
Games & Commerce
U.S. fashion brand Everlane to be sold to Shein for $100 million amid debt burden
U.S. fashion brand Everlane will be sold to Chinese fast-fashion company Shein for about $100 million, with the deal already approved by both boards, online media outlet Gigazine reported. Everlane, founded in 2011, grew by promoting sustainability and transparency through a direct-to-consumer model. In recent years, slowing growth and weaker profitability increased its financial burden. It had about $90 million in debt as of March and had sought new investors.
AI & Enterprise
C-commerce users drop after ad spending cuts
The growth of C-commerce platforms such as AliExpress, Temu and Shein has slowed in South Korea, with both user numbers and payment volumes falling, according to app analytics and payments data. Industry observers attributed the decline mainly to reduced performance marketing spending. Sensor Tower data showed large cuts in digital advertising budgets in 2025. MobileIndex data also showed a sharp drop in new installs. Surveys cited consumer concerns over data security and lower customer service satisfaction.