China’s e-retailer Temu sued fast fashion rival Shein in the US

Temu is dragging fellow Chinese e-retailer Shein to court for trying to elbow it out of the US fast fashion market. In a lawsuit filed in M assachusetts l ast Friday (July 14), Temu alleged that the $66 billion behemoth is b inding manufacturers in exclusive contracts, even levying fines for working with its rival . Shein dismissed the lawsuit as "without merit" and said it would fight it, but today (July 19), Temu doubled down on its claims. In a statement to Reuters, Temu claimed it has been the target of Shein's "unlawful exclusionary tactics" since launching in the…