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Holiday Spirit and Animal Spirits
Motley Fool Money
Chinese-based E-commerce Business Xi'an's Potential IPO
11min Snip
00:00
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The chapter discusses a new Chinese-based e-commerce business, Xi'an, that is intending to go public. The company is popular among young consumers but has drawn criticism for its fast fashion and waste associated with it. They benefit from an import rule in the US and have an advantage in generating cash flow. However, there are concerns about regulatory scrutiny, forced labor in the supply chain, and the environmental impact of fast fashion. The chapter also mentions a similar company, Taimu, owned by Pin Do Do, which has shown fantastic growth. The potential IPO for Xi'an is estimated to be between 66 billion to 90 billion dollars.
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