Wednesday, May 29, 2024

Chinese companies are rebranding and relocating headquarters to dodge Washington’s crackdown

A game of whack a mole? 

E.g. the fast fashion company Shein (e.g. brand Temu) relocated its headquarters to Singapore in 2022.

"Production moves, makeovers and the creation of subsidiaries with new names are legal, according to lawyers, though obfuscating who’s behind a company prevents regulators from enforcing laws. The circumventions also have created opportunities for American entrepreneurs who want to work with Chinese companies that are popular with U.S. consumers; the trans-Pacific partnerships include licensing and sales agreements."

The Wall Street Journal What's news

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