Startups
Shein suffers a 10% drop in its stock market debut in Hong Kong
Shein falls 10% in its Hong Kong stock market debut, closing at HK$46.62. The company's valuation is below US$25 billion.
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Shein begins trading in Hong Kong, facing sanctions in Europe that affect its business model. The company seeks new growth avenues in a stricter regulatory environment.
Shein falls 10% in its Hong Kong stock market debut, closing at HK$46.62. The company's valuation is below US$25 billion.
Purchases on Chinese platforms lead to a €1.058 billion loss in tax revenue in Spain, according to Anged.