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Chinese e-commerce platform Shein is facing skepticism from US politicians despite its success in the American market. Donald Tang is working to overcome concerns about Shein's Chinese roots and gain support from Washington and Wall Street. Meanwhile, Geely has invested $10 billion in Malaysia to strengthen its presence in Southeast Asia. Malaysia is considering regulating TikTok and its e-commerce features, which could impact the social media company's online shopping ambitions in the region.
In 50 Words: Malaysia eyes regulating TikTok’s ecommerce arm https://t.co/P7ZGUArjLl
Malaysia says it is studying the possibility of regulating TikTok and its e-commerce features, a move that could further dent the social media company’s online shopping ambitions in Southeast Asia https://t.co/NsuD6eKnm9
"For all the talk of Sino-American decoupling, China-linked e-commerce platforms are muscling into American business with the same shock-and-awe tactics that TikTok, a video app, used to besiege social media." https://t.co/ZwQQ20wxMm
In 50 Words: Geely invests $10b in Malaysia to boost SEA presence https://t.co/SH8Z8ILVyg
The US is now Shein's biggest market, but consumers' enthusiasm has been matched by politicians' scepticism. For our @FT Investing in America report, I looked at Donald Tang's efforts to get Washington & Wall St to look past Shein's Chinese roots https://t.co/ihmFTDsobB