Both TikTok and Shein have actually dramatically increased lobbying costs in the United States as the 2 China-founded business deal with examination there over their Chinese ties. Information from OpenSecrets reveals that the fast-fashion huge increased its costs on lobbying by 657% to $2.12 million in 2023 compared to a year prior, however this was still less than a quarter of TikTok owner ByteDance’s invest in 2015 of $8.74 million. The moms and dad business of the video-sharing app had an overall of 45 lobbyists in 2023, mainly the same from the previous 3 years, while Shein worked with 14 lobbyists in 2015 compared to just 8 in 2022 as the company deals with an unpredictable IPO outlook in the United States.[[OpenSecrets]
Shein and ByteDance ramp up lobbying in the US amid government scrutiny
