Xie Xin shares key financial figures before HK launch

Shein, the fast fashion retail platform, is preparing for its first initial public offering (IPO) on the Hong Kong Stock Exchange, amid expectations that it will be one of the largest retail offerings in recent years, with a target listing date in late August or early September. The company's financial data shows that it achieved revenues of $41.8 billion in 2025, an 8% increase compared to the previous year, despite a 38.7% decline in net income, which reached $2.064 billion. The company has faced regulatory and political obstacles for over two years, including scrutiny of its supply chain and tensions between the United States and China, which led to delays in plans to list in New York and London, and its shift of focus to the Hong Kong Stock Exchange.

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