EconomyShein shares plunge 14% to record low after profit slump
Shein Global Holdings shares fell nearly 14% in Hong Kong to a record low after the online fashion retailer reported a 67% drop in second-quarter profit in its first results since listing. Profit fell to US$228 million while revenue rose 1% to US$11 billion, and the company warned tariff pressures and volatile logistics costs would continue through year-end.
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South China Morning Post★★☆☆☆2026-09-29 03:53Original
Shein shares plunge 14% to record low after profit slump
Economy