There is no shame in being ChineseCompanies like Shein that are shifting headquarters and erasing connections to China are making a mistake. Being seen as a Chinese company limits demand for the initial public offering, especially from US-based pension and endowment funds, or global investors wary of Washington’s economic sanctions. Shein and Chinese rival Temu are now attracting more repeat shoppers than eBay Inc, largely because their products are cheap. From electric vehicles to smart home appliances and cross-border e-commerce, Chinese companies are gaining market share because of their access to the vast industrial catalogue and efficient supply chains at home. There is no shame in being Chinese.

Source: Taipei Times June 20, 2024 16:23 UTC