Ban removed from Chinese company Shein, will sell online goods cheaper than Flipkart and Amazon! Know what is Jio connection? – india removed ban from chinese ecommerce shein will compete flipkart and amazon know reliance jio connection
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Know Jio’s connection
About 3 years ago, the central government had banned the Chinese e-commerce company from doing business in India. However, the connection of the Chinese company with Jio has come to the fore. Actually Shein has partnered with Reliance Retail for entry in India, which is a subsidiary of Mukesh Ambani’s Reliance Industries. However, in this case, no statement has come from Reliance Industries regarding the deal.
The platform was very popular among the youth
Let us tell you that Shein is known for selling trendy and affordable women’s clothing. This platform became very popular among the youth in June 2020. But it was banned along with 59 Chinese apps keeping in mind the security and integrity of India.
Increased tension between Flipkart and Amazon
After Shein’s entry, the tension between India’s two leading e-commerce companies Flipkart and Amazon has increased. Also, platforms like Myntra can also get a tough competition. Let us tell you that American company Walmart has invested in Flipkart. While Amazon is also an American company. While Chinese company Shein will start business in India in association with Indian company Reliance Retail. In such a situation, it can be said that America and China will be face to face in the Indian e-commerce market.
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