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How China's fast-fashion app Shein beat Uniqlo's market value

Network of local suppliers and focus on overseas markets pay off

SHANGHAI/GUANGZHOU -- Shein's unconventional approach has propelled the Chinese fast-fashion app to a market value far surpassing that of its closest competitors Uniqlo and Zara.

The startup has taken the world by storm by rolling out thousands of new products every day that can be bought for affordable prices. Shirts and bags can go for as little as $5.

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