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Shein’s Big Stock Debut and Controversies | Thailand News
Shein’s massive Hong Kong IPO looms — set for September 1st, aiming to raise over a billion dollars and hit a $27 billion valuation. After years of regulatory hurdles in the U.S. and Europe, the fast-fashion titan finally gets its green light from Beijing. Known for lightning-fast production and ultra-low prices rivaling Amazon, Shein’s funding will fuel tech upgrades and global expansion. But clouds loom: recent quarterly losses tied to U.S. import changes, a Singapore HQ move seen as an evasion tactic, and mounting criticism over environmental damage and labor abuses — including fines from…
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