Losses of 99 million before listing
Shan Xia, the Chinese giant in online fashion retail, is experiencing a loss of $99 million in the first quarter of this year, compared to profits of $395 million in the same period last year. This comes ahead of its potential IPO in the Hong Kong Stock Exchange, which is estimated to be worth billions of dollars. Despite a 1.1% increase in total sales to $9.05 billion, the company faces multiple risks, including international tensions, changes in customs regulations, and rising costs in major markets such as the United States and the European Union. These factors raise doubts about the sustainability of its future profitability.
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