Shein Posts $99M Loss as US Tariffs Bite Ahead of HK IPO
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.
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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.