SHEIN Makes Lackluster Hong Kong Debut
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Shein shares fell 10% on debut despite strong demand for its Hong Kong IPO. Shein's valuation drew scrutiny as growth and profit pressures intensified. Tariffs and fierce competition are clouding Shein's global growth outlook.
In 2014, the company acquired Chinese e-commerce retailer Romwe, changed its name from SheInside to Shein, and transformed into a fully integrated retail business. By 2016, Shein employed more than 800 designers who began producing "fast fashion" under the Shein brand.
Shein, a juggernaut in the world of fast-fashion and e-commerce, is opening a new office in downtown Bellevue, Wash., that will serve as a U.S. fulfillment and logistics hub for the Singapore-based company. The 10,000-square-foot space at Key Center is ...
Shein has plans to sell supply chain technology to companies around the world, but fears are rising that sensitive logistics and customer information covering U.S. citizens could be seized by the Chinese government. Shein has already faced political ...
By Yantoultra Ngui, Casey Hall and Helen Reid HONG KONG, Sept 1 (Reuters) - Chinese online fashion giant Shein's Hong Kong debut on Tuesday caps a years-long effort to tap capital markets after trying to list in vain in the West,