The fast fashion company Shein debuted on the Hong Kong Stock Exchange, but its shares fell on the first day of trading. This stock market listing came after failed attempts to list in New York and London.
The company faces significant pressures on its profits, including tariffs imposed by the United States and rising shipping costs. These factors have affected the profitability of the e-commerce platform's business.
Shein is one of the largest fast fashion companies in the world, known for selling clothing at very low prices, often manufactured in China. The company previously attempted to list on other international stock exchanges without success, before completing its entry into Hong Kong.
