Fastfashion-jätten Sheins grundare och vd Sky Xu har sett sin förmögenhet krympa med mer än 15 miljarder dollar, motsvarande cirka 143 miljarder kronor. Anledningen: börsnoteringen i Hongkong sker till en bråkdel av bolagets värdering 2022.

Shein is set to go public in Hong Kong on Tuesday at just over a quarter of the $100 billion it was worth in 2022.

Xu’s fortunes have turned in four short years as Shein battles tariffs, political scrutiny and growing competition. Read more at straitstimes.com. Read more at straitstimes.com.