Business · 3 hours ago
Shein shares fall 8.7% in Hong Kong stock market debut
Shein's shares dropped on Tuesday following unsuccessful efforts to go public in the US and UK, which stemmed from concerns about its labour practices and environmental impact. Shein, once valued at nearly $100 billion, is now worth about $26.3 billion, raising $1.7 billion from the listing. Shein's disappointing debut suggests the market doubts its ability to sustain growth and cheap prices.
Reported by BBC · How we write briefs