Shein shares slide in Hong Kong debut on worries about trade and regulatory risks
- HONG KONG: Shares in online fast-fashion retailer Shein dropped 4 per cent in their first day of Hong Kong trade on Tuesday (Sep 1), as investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
- Known globally for selling US$5 tops and US$10 dresses, Shein has been humbled by tariff and duty changes in the US and Europe that have contributed to a dramatic decline in valuation for the company.
- Founded in China in 2012 and headquartered in Singapore since late 2021, Shein spent years touting its credentials as a global company befor
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- HONG KONG: Shares in online fast-fashion retailer Shein dropped 4 per cent in their first day of Hong Kong trade on Tuesday (Sep 1), as investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
- Known globally for selling US$5 tops and US$10 dresses, Shein has been humbled by tariff and duty changes in the US and Europe that have contributed to a dramatic decline in valuation for the company.
- Founded in China in 2012 and headquartered in Singapore since late 2021, Shein spent years touting its credentials as a global company befor
Sources: CNA