Sarah ChenE-Tailing
Shein Net Revenue Rose 1 per Cent in First Report as Public Company
Rising shipping costs and changing customs rules squeezed profits even as orders and active customer numbers grew.
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shein
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Stories tagged shein
56 stories in this topic
Rajiv MenonE-Tailing
Shein Net Profit Drops 67 Percent to 228 Million Dollars as Air Freight Squeezes Margins
Second-quarter revenue rose just 0.9 per cent to 11.08 billion dollars while stock in Hong Kong fell 27.3 per cent below its listing price.
Sarah ChenE-Tailing
Shein Second Quarter Profit Plunges 67 per Cent to US$228 Million
Higher jet fuel costs and shrinking sales across Europe and the United States eroded operating margins to 2.1 per cent in the retailer’s first public report.
Wei ZhangE-Tailing
Shein Commits US$80 Million to Everlane Takeover as Shares Slump
Armed with US$16.74 billion in cash following its Hong Kong listing, the fast-fashion giant is buying higher-end labels to revive stalling top-line growth.
Minjun ParkE-Tailing
Shein Shares Close Flat in Hong Kong After Raising US$1.7 Billion
The online fast-fashion group commanded a US$26.5 billion market valuation on its first day of trading, down from peak private valuations of US$100 billion.
Sarah ChenE-Tailing
Shein Targets US$1.7 Billion Hong Kong Listing After Shifting Focus to China
The fast-fashion platform will list in Hong Kong at a US$26.5 billion valuation after abandoning earlier attempts to go public in New York and London.
Rajiv MenonE-Tailing
Shein Shares Drop 8 per Cent in Hong Kong Debut
The online fast-fashion giant traded at HK$44.60 on its first morning, putting its market valuation at US$24 billion after US and European tariff crackdowns erased profits.
Sarah ChenFashion
Shein Budgets $15M for Product Safety in 2025 Compliance Push
The fast-fashion platform will run 2.5 million lab tests this year and enforce strict chemical checks across all childrenswear suppliers.
Sarah ChenE-Tailing
Shein Prices Hong Kong IPO at $26.5 Billion Valuation to Raise $1.73 Billion
The fast-fashion giant will allocate 80 per cent of the HK$13.6 billion proceeds to technology and expansion while paying up to $3.5 billion to early-stage investors.
Maria SantosFashion
Shein Heads to Hong Kong Listing as Dual-Class Shares Draw Scrutiny
Four co-founders will control 90 per cent of voting rights as the fast-fashion retailer prepares its Hong Kong debut against regulatory probes in Europe and the US.
Minjun ParkE-Tailing
Shein Stumbles in UK Copyright Court Battle Against Temu amid IPO Plans
Online fast-fashion retailer Shein recently suffered a defeat in a London court case against rival company Temu. The lawsuit, which was based on allegations of copyright infringement, ended in a ruling that could potentially benefit online marketplaces that…
Rajiv MenonE-Tailing
Fast-fashion Giant Shein Eyes Hong Kong IPO Amid Revenue Challenges, Targeting $30-$40 Billion Valuation
Fast-fashion online retailer Shein is preparing to debut its Initial Public Offering (IPO) in Hong Kong as early as next Wednesday, according to individuals privy to the matter. The Singapore-based enterprise has engaged in marketing its share offering to…
Minjun ParkE-Tailing
Shein Shrinks Vietnam Operations Amid US Trade Policy Shifts and Local Workforce Challenges
Over a year ago, Chinese fast-fashion retailer Shein embarked on an ambitious plan to make Vietnam its main export base. Shein started leasing 15 hectares of warehouse facilities near Ho Chi Minh City, which is approximately the size of 21 football pitches.…
Sarah ChenE-Tailing
Shein Paves Way for IPO with Investor Perks: Cash Payouts and More Shares Amid Declining Valuation
Shein, the prominent quick-fashion retailer, is contemplating reducing the investment cost for some late-stage investors as it seeks an initial public offering (IPO) at a decreased valuation. This information has been revealed through filings at the Hong Kong…
Minjun ParkE-Tailing
Shein’s Q1 Losses: Tariffs, Slowing Sales, and Their Toll Ahead of Hong Kong IPO
Online retailer Shein recently reported a notable quarterly loss of $99 million, as indicated in its pre-IPO financial filings. This downturn comes in the wake of the United States lifting an import duty exemption on small packages along with a significant,…
Maria SantosE-Tailing
Chairman Tang Steps Down as Shein Gears Up for Hong Kong IPO
Donald Tang, executive chairman of Shein, the global fast-fashion retailer, is preparing to step down as the company nears its public offering, according to sources with first-hand knowledge of the situation. Tang has been the public face of the company for…