Temu attacks Shein for 'fabricated accusations' amid copyright lawsuit.

Shein, an apparel company, has filed a lawsuit against rival Temu, accusing them of counterfeiting, trademark and copyright infringement, and false advertising. Shein claims that a Temu employee stole trade secrets to replicate their best-selling products. Shein also alleges that Temu encourages sellers to infringe on intellectual property rights and impersonates Shein on social media. Temu denies the accusations and criticizes Shein for fabricating claims. Legal battles between the two companies have been ongoing, but it is unlikely that either company will benefit from the litigation. Shein is also reportedly considering an IPO in London. [Extracted from the article]