Shein's $40-50 Billion Hong Kong IPO Faces Uncertain Valuation Future

Revenue rose 8% to $41.8 billion in ‌2025, but net income ⁠fell 39% ⁠to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed. While the quarterly loss partly reflected a $328 ​million fair-value charge on convertible redeemable pr

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