China fast-fashion retailer Temu soared like a rocket for two years — in just a few hours, its parent company lost more than ...

China’s footprint is worldwide – e-commerce juggernaut brands Shein and Temu make the country one of the world’s largest producers of cheap fashion, selling in more than 150 countries.

China fast-fashion retailer Temu soared like a rocket for two years—in just a few hours, its parent company lost more than $50 billion in market value. Jason Del Rey .