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US tariffs on China are hitting SHEIN hard. Can the IPO save tt?

Fast-fashion giant SHEIN is preparing for Hong Kong’s largest listing of the year with an upcoming market debut targeting an estimated valuation of ~$27 billion. Despite headwinds from shifting global tariffs and fierce ecommerce competition, this high-stakes IPO will serve as a critical gauge for the future of the cross-border online retail sector.

Today's watchlist: PDD, Meituan, Sandfire Resources

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