Chinese e-commerce brand Alibaba is looking to cash in on our insatiable desire for low-priced clothing by opening its business to the world of fashion.
You know what the world really needs?
Another fast fashion company, said no one ever. Yet here we are.
In recent months, Alibaba – the Chinese e-commerce giant responsible for companies like AliExpress and the digital payment service Alipay – launched a new fast fashion company called allyLikes.
Wasting no time building a reputation rooted in speed and trendiness, allyLikes already boasts 500 new styles a week and is recruiting influencers to promote the brand, offering them perks like sponsored gifts and a commission of 50 percent.
Globally recognised companies Fashion Nova, PrettyLittleThing, and Missguided have used these tactics and won over consumers through on-trend designs at an incredibly cheap price, boosted by collaborations with celebrities and influencers.
According to experts, allyLike’s primary business targets are the North American and European markets, which makes it a direct rival of another widely popular online fashion retailer SHEIN.