EconomyShein slips on Hong Kong debut amid fast-fashion challenges

Fast-fashion retailer Shein fell on its Hong Kong trading debut as it faces stronger competition and the removal of tax breaks in key markets. Its shares briefly dropped as much as 10% before closing 0.1% below the IPO price at HK$48.50. The offering raised HK$13.6 billion and valued the company at about US$26 billion.

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SSouth China Morning Post★★☆☆☆2026-09-01 09:11Original