Business · 3 days ago
Shein avoids London listing for Hong Kong after political concerns
The Chinese-founded fast-fashion giant Shein will float in Hong Kong next week, having bypassed a potential London stock market debut. London was previously seen as an option after Shein rejected New York due to US lawmaker questions about its supply chain labour practices in China. The company's valuation has also fallen significantly from £50bn to $27bn (£20bn).
Reported by The Guardian · How we write briefs