The Chinese-founded e-commerce giant must also compensate Temu for taking down thousands of product listings, according to a London court ruling published on Thursday. Shein had accused Temu at trial earlier this year of “astonishing” levels of copyright infringement and use of thousands of photographs from Shein’s website. ”The ruling comes just ahead Shein’s planned Hong Kong initial public offering that’s targeting a valuation of about $30 billion. The London trial offered a rare glimpse into how Shein and Temu, founded by billionaires Xu Yangtian and Colin Huang, respectively, compete fiercely over shared suppliers and overlapping production networks. The court will in a separate trial decide how much Shein must pay for forcing Temu to remove product listings.