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RE: LeoThread 2024-08-20 11:40

in LeoFinance4 months ago

Shein sues Temu over copyright infringement, alleges rival loses money on every sale

Chinese-linked fast-fashion leader Shein is suing Temu, alleging its rival stole its designs and trade secrets.

Chinese-linked fast-fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud.

The suit, filed Monday in Washington, D.C., federal court, comes as Shein itself fends off similar allegations from a wide variety of brands and independent artists, including Levi Strauss and H&M.

#technology #temu #lawsuit

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Wow! This is a serious accusation. This Temu recently arrived in Brazil.

I haven't even checked out what this platform is like yet, but I wouldn't be surprised if she did this with Shein hahaha...

Competition in the market is very high.

Yeah a lot changing. It does show how valuable platforms can become.

Yes, you are right. A lot will still happen and those who don't adapt will be left behind.

That is true. We have to keep improving our skills or we are going to be part of the mob wondering what is going on. That is why I keep adding to the #technology threadcast. Keep it expanding.

In its complaint, Shein alleges that Temu, owned by PDD Holdings, is "masquerading" as a legitimate online marketplace because it encourages its sellers to steal other brands' designs and then prevents them from removing products from the platform, even after they have admitted to infringement.

"Temu draws U.S. consumers into downloading and using its mobile application with promises of extremely low pricing. But Temu is not profiting from the sale of these products, which are priced so low that Temu must subsidize each sale, losing money on every transaction," the complaint said.