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Shein Posts $99M Loss Amid Tariff Pain Ahead of HK IPO

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Shein posted a $99M Q1 loss ahead of its Hong Kong IPO, hurt by US de minimis removal, EU import fees, and a one-time accounting charge.
  • Revenue growth slowed sharply amid tariff pressures and regulatory scrutiny.
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