Shein to pay $100 million as US regulatory pressure mounts

LONDON, UK: Fast-fashion retailer Shein has agreed to a US$100 million settlement with the U.S. Federal Trade Commission over an investigation into delivery delays and other customer complaints, according to a source with direct knowledge of the matter.

The settlement equals 44 percent of Shein's second-quarter profit and adds to the regulatory and tax pressures facing the online retailer in the United Sta