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Baidu plans to upgrade its Hong Kong listing to primary status on Sept. 1, 2026, amid an AI pivot. Despite weak Q2 advertising revenue weighing on shares, AI cloud surged 50% and Apollo Go expanded g…
Shein is targeting a reduced valuation of around $25 billion for its upcoming Hong Kong IPO, down roughly 75% from its 2022 peak of $98.2 billion. The steep discount reflects decelerating revenue gro…
Shein warns EU sales could mirror its U.S. tariff-driven slump ahead of Hong Kong IPO. Profit fell 39% in 2025, Q1 loss $99M, as de minimis removal in EU and U.S. tariffs squeeze margins and growth.
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 regula…
Shein posted a $99M Q1 2026 net loss, reversing a $395M profit, hurt by lost U.S. de minimis exemption, new tariffs, and a $328M preferred-share charge, ahead of its Hong Kong IPO.