The e-commerce titan passed its Hong Kong listing hearing, but its prospectus details shrinking margins and escalating regulatory pressure in key Western markets
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Shein has moved a step closer to a Hong Kong initial public offering that could value the fast-fashion giant at about $40 billion, even as its revenue growth and profitability slow.
Shein’s global web traffic growth slowed to single digits in June, according to Similarweb. Read more at straitstimes.com. Read…
The greenlight came a day after China unveiled new measures encouraging qualified retail companies to access capital markets
Retailer’s filing reveals slowing sales momentum and pressure on profitability
Regulatory headwinds, alongside prolonged IPO delays, have severely dented the unicorn’s valuation.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following…
The retailer won approval from China for its Hong Kong listing on July 10, clearing the way for a listing after failed attempts…
