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Shein must hand Indian customer data to Reliance to reenter market

Online apparel retailer Shein must transfer all Indian customer data to Reliance Retail to reenter the Indian market, according to the government during a parliamentary session on Wednesday.

Shein will act as a technology partner, while Reliance Retail Ventures Limited will have full ownership.

This comes as part of India’s ongoing ban on Chinese-linked applications, which began in 2020 due to national security concerns.

Over 300 apps, including Shein, TikTok and Alibaba’s UC Browser, have been prohibited since then.

The partnership requires Shein’s platform to be hosted in India, with all data staying within the country.

Shein will not have access to this information and security audits will be conducted.

Recent Shein developments

Timeline
20-Nov-2024 💼 Shein plans London IPO in 2025
  • Shein to list on London Stock Exchange by 2025
  • IPO may value company at £50.3 billion, $62.5 billion
12-Nov-2024 💼 Shein and Temu in crosshairs of Trump’s tariffs
  • Trump proposes 10%-20% tariffs on imports.
  • US consumers may face $46-$78 billion cut in spending.
09-Oct-2024 📈 Shein reports $2b revenue from UK operations
  • Shein UK’s revenue rose 38% to £1.55 billion
  • Pre-tax profit doubled to £24.4 million in 2023
26-Sep-2024 📉 Shein lays off staff in Singapore ahead of London IPO
  • Shein layoffs 17 employees in Singapore office.
  • Company plans to increase workforce despite cuts.

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