Shein Set for Long Awaited Hong Kong IPO Debut (Correct) Shein, once valued at $100 billion, is set to list in Hong Kong after a series of regulatory crackdowns whittled down its valuation.
The company's decision highlights that even the most successful e commerce empires are not immune to reality.
The struggles of Shein and other Chinese e commerce giants like Pinduoduo and Xiaohongshu come on the heels of a tumultuous period for the sector.