Shein shares slide in Hong Kong debut on worries about trade and regulatory risks
Fast-fashion retailer Shein saw its shares drop 4% during its Hong Kong stock market debut, reflecting investor concerns over regulatory risks and trade pressures. The company's valuation has significantly declined from its 2022 peak of $100 billion to approximately $25.3 billion.
Why it matters
Shein's market performance reflects broader investor anxiety regarding the sustainability of Chinese-founded global retail models amid geopolitical trade tensions.
On its debut, Shein is valued well below its 2022 peak of nearly US$100 billion.
A customer holding shopping bags with a Shein logo at a department store in Paris, France, on Nov 5, 2025. (File photo: Reuters/Sarah Meyssonnier)
HONG KONG: Shares in online fast-fashion retailer Shein dropped 4 per cent in their first day of Hong Kong trade on Tuesday (Sep 1), as investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
Known globally for selling US$5 tops and US$10 dresses, Shein has been humbled by tariff and duty changes in the US and Europe that have contributed to a dramatic decline in valuation for the company.
Founded in China in 2012 and headquartered in Singapore since late 2021, Shein spent years touting its credentials as a global company before re-embracing its Chinese roots to list in Hong Kong.
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