The e-commerce version of Shein called Tiktok has surpassed Amazon to become the most downloaded shopping app on iOs and Android in the United States.
This Chinese e-commerce company is headquartered in Nanjing. Since starting operations in 2008, they have also opened offices in Belgium, the United States, the United Arab Emirates and other major Chinese cities.
Shein stands out as the leading e-commerce brand, which controls all processes in its production chain-from design to manufacturing. After a valuation of more than 15 billion U.S. dollars, the e-commerce giant still maintains a low profile. But now, it is clear that it has become the fastest growing e-commerce company in the world, with an annual growth rate of more than 100% for the past eight years.
According to SensorTower and App Annie data, on May 11, Shein replaced Amazon as the most downloaded shopping app. NotBoring also reported that Shein is the most downloaded app in the Apple Store shopping category in 56 countries. It is also part of the top 5 of 124 countries.