She faced $99 million loss before listing
Shein, the Chinese e-commerce company, announced a loss of $99 million in the first quarter of this year, compared to a profit of $395 million in the same period last year, ahead of its anticipated IPO on the Hong Kong Stock Exchange. Despite a 1.1% increase in total sales to $9.05 billion, the company faces risks related to international tensions and changes in government regulations, such as the US cancellation of the duty-free parcels rule, which is increasing its operating costs in key markets.
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