Quiz on Shein's Fast-Fashion Empire

What is Shein's valuation in 2023?

• $100 billion

• $66 billion

• $40 billion

• $23 billion

In what year did Shein make its U.S. debut?

• 2010

• 2015

• 2018

• 2020

What percentage of the U.S. market does Shein control?

• 50%

• 40%

• 30%

• 60%

What is the average spending of a U.S. Shein shopper per month?

• $50

• $75

• $100

• $150

What tax exemption does Shein take advantage of to keep prices low?

• De minimis tax rule

• Import tax exemption

• Value-added tax

• Corporate tax exemption

What is the inventory turnover rate of Shein?

• 50 days

• 20 days

• 30 days

• 40 days

Where has Shein moved its headquarters to?

• Beijing

• Singapore

• Nanjing

• Tokyo

What is one of the criticisms faced by Shein regarding its labor practices?

• Environmental sustainability

• Excess inventory

• Involuntary labor

• High wages