Shein's value drops from $100B to $27B
Reports indicate that Chinese global fashion company Shein will go public on the Hong Kong Stock Exchange in September 2026, with an estimated valuation between $26 billion and $27 billion. This marks a loss of approximately three-quarters of its value, which peaked around $100 billion in 2022. This development comes after a significant decline in financial performance, with growth slowing from 41.1% in 2023 to 8% in 2025. Its revenues reached $41.85 billion, while it recorded a net loss of $99 million in the first quarter of 2026, compared to previous profits. The main challenges are attributed to higher import duties following the elimination of tariff exemptions in the United States, leading to a 14.3% decline in US market revenue, along with increased regulatory and compliance costs. Additionally, profit margins have been significantly affected, making economic growth more difficult for the company.
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