Press "Enter" to skip to content

H&M Removed From All Major Chinese Platforms

The Swedish multinational clothing retail company  H&M has been blocked from all major Chinese e-commerce platforms. It has been blocked from all online shopping platforms including Tmall, Taobao, JD.com, and Pinduoduo over its stance to remove Xinjiang cotton from its supply chain.H&M shares fell as much as 2.8% in afternoon trading in Stockholm. China accounted for 5.2% of the company’s total sales in 2020.

The company has revealed information about disavowing Xinjiang cotton. The communist youth league part of China’s ruling party said that the company is spreading rumors to boycott the cotton and plan to make money in China. H&M  responded that the company plans to take from Better Cotton Initiative in March to no longer license its cotton from Xinjiang, in both English and Chinese.

 According to the Beijing time On Wednesday H&M didn’t appear on Alibaba Group Holding Ltd.’s e-commerce platform Taobao, where the retailer had previously had a presence. The internet firm didn’t immediately respond to a request for comment. The communist youth league criticized the behavior of the company.

Two famous Chinese celebrities passed a statement that they no longer have any ties with the company. The U.S. and some other Western governments accuse China of sending 1 million Muslim Uyghurs to internment camps and forcing them to work. The U.S., U.K., Canada, and the European Union imposed sanctions on China over alleged human rights abuses this week, prompting Beijing to retaliate with sanctions of its own. Foreign companies operating in China are often compelled to strike a balance as they try to maintain access to its huge market without ignoring concerns in their home nations.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *