Shein listed in Hong Kong at $26.3bn.
The valuation is a quarter of Shein’s 2022 peak near $100bn.
New York and London rejected the listing over labor concerns, as the US and EU closed its duty-free import loophole.
Investors will watch whether Shein’s margins survive tighter regulation without its old duty exemption.
How each outlet framed it
drawn from 250+ reports worldwide
- BBC leans critical
- emphasizes 75% valuation collapse (from $100bn to $26bn), frames market skepticism on labor/environmental concerns amid trade tensions
- The New York Times leans favorable
- Investing.com
Sources: The New York Times, BBC, Investing.com