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11 Nov 2023 — 4 min read

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Israel vs Hamas:

Israel has initiated a policy of daily "humanitarian pauses," lasting four hours, in response to international pressure, notably from the Biden administration in the United States. These pauses, announced three hours in advance, are designed to provide civilians a window to evacuate areas of intense conflict.
Despite ongoing calls for a complete ceasefire, Israel has maintained its military operations in Gaza. The implementation of these pauses, which President Biden acknowledged as slower than expected, also includes the opening of an additional evacuation route to facilitate safer passage for civilians moving south.

Shein Market Valuation:

Over the past year, Shein, a fast fashion company based in Singapore, has experienced significant fluctuations in its market value. The company is now aiming for a valuation of around $90 billion for its upcoming initial public offering (IPO) in the United States, as reported by Bloomberg. This valuation has increased from its earlier $64 billion in early 2023, although it had briefly reached $100 billion in April 2022.
Shein, originally established in China, has become a major player in the fashion industry, challenging established brands like Zara and H&M. The company utilizes data analytics to forecast customer preferences and produces limited clothing quantities, reducing inventory costs. Despite its innovative approach, Shein faces several challenges, including lawsuits for copyright infringement, environmental concerns, and competition from Temu, a new e-commerce platform from China.
The company's IPO plans in the U.S. are complicated by controversies related to its supply chain. The U.S. has legislation prohibiting imports from China's Xinjiang region due to alleged forced labor, particularly involving the Uyghur community. Shein has been accused of sourcing cotton from this area, though it has consistently denied having suppliers there. These issues may pose obstacles to Shein's smooth entry into the U.S. stock market.

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