Mikhail Shein

Shein returns to profit on $11.08B sales but flags slowing growth

Shein returned to profit with $2.40 billion Q2 net income on $11.08 billion sales, its first results as a public company, as Europe sales fell nearly 14%.

Shein stock stumbles in Hong Kong IPO debut after years of scrutiny

Fast-fashion giant Shein's shares fall after Hong Kong trading debut that spotlights its China roots

Shein Faces Costs Ahead of Hong Kong IPO

Shein disclosed strong 2025 revenue of $41.8 billion but a 38.7% drop in net profit to $2.064 billion, with a Q1 loss of $99 million tied to fair-value adjustments and pressures from the US de minimis duty exemption removal. The company has CSRC approval for a Hong Kong listing, with an anticipated late-August/early-September IPO aimed at funding IT and AI initiatives amid ongoing growth and competitive pressures.