#threaten

Shein’s IPO Dreams Tumble as EU E-commerce Fees Threaten $50 Billion Valuation Goal

Shein, the fast-fashion retailer, is looking at a tough road ahead as it aims for a valuation of up to US$50 billion in its highly anticipated IPO in Hong Kong. This is mainly due to new fees imposed on e-commerce parcels in Europe, which are expected to…