cnbc.com_2 on Nostr: Bullet points of Shein sues Temu over copyright infringement, alleges rival loses ...

Bullet points of Shein sues Temu over copyright infringement, alleges rival loses money on every sale
- Shein is suing Temu, alleging that the rival retailer stole its designs and built an empire using counterfeiting, intellectual property infringement, and fraud.
- Shein claims Temu encourages its sellers to steal other brands' designs and then prevents them from removing products from the platform, even after they've admitted to infringement.
- Temu is accused of 'masquerading' as a legitimate online marketplace and drawing U.S. consumers into downloading its mobile application with promises of extremely low pricing.
- Shein alleges that Temu is not profiting from the sale of products, which are priced so low that Temu must subsidize each sale, losing money on every transaction.
- Temu is accused of encouraging its sellers to infringe the intellectual property rights of others and sell counterfeit or sub-standard goods to minimize its losses.
- Shein claims that at least one of Temu's employees stole valuable trade secrets, including internal pricing information, to help it compete with Shein.
- Temu is accused of directing its sellers to copy Shein's best-selling products and sell knock-off versions on its website and mobile application.
- Shein claims Temu has falsely pretended to be Shein on social media site X and has instructed paid influencers to falsely claim that Temu products are cheaper and of higher quality than genuine Shein goods.