Reported Earlier, 'Shein Sues Temu Over Copyright Infringement, Alleges Rival Loses Money On Every Sale' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Shein has filed a lawsuit against Temu, accusing it of copyright infringement and trade secret theft. The lawsuit claims Temu loses money on each sale and uses trademark infringement to compensate. Shein alleges Temu encourages sellers to infringe intellectual property rights and sell counterfeit goods. The legal battle highlights ongoing tensions between the two fast-fashion giants, both facing criticism for labor practices and IP issues.
August 26, 2024 | 7:57 pm
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Shein has sued Temu, owned by PDD Holdings, for copyright infringement and trade secret theft. The lawsuit alleges Temu loses money on each sale and uses trademark infringement to compensate. This legal action could impact PDD's reputation and financials.
The lawsuit against Temu, owned by PDD Holdings, could negatively impact PDD's reputation and financials due to allegations of copyright infringement and trade secret theft. Legal challenges may lead to financial liabilities or operational disruptions.
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