China fast-fashion retailer files for U.S. IPO: report
Shein, a large online fast-fashion retailer based in China, has filed for an initial public offering, Reuters reported on Thursday, citing people familiar with the matter. Reuters said the submission was confidential, and that the company, worth more than $60 billion, could begin trading before the end of the year, potentially marking the most valuable company in China to debut on a U.S. exchange since ride-hailing Didi Global DIDIY, which was later delisted.
Shein, a large online fast-fashion retailer based in China, has filed for an initial public offering, Reuters reported on Thursday, citing people familiar with the matter. Reuters said the submission was confidential, and that the company, worth more than $60 billion, could begin trading before the end of the year, potentially marking the most valuable company in China to debut on a U.S. exchange since ride-hailing Didi Global DIDIY , which was later delisted.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Influencers bashed for praising Shein’s working conditions in China despite alleged abuseDani Carbonari was among a group of influencers being slammed as tone-deaf for visiting a Shein factory in China and touting it as impressive and clean with no signs of poor working conditions.
Read more »
Influencers face backlash over trip promoting Shein factory in ChinaSeveral online influencers have come under fire over their paid trip to a Chinese factory owned by the fast fashion retailer Shein. The company has been accused of alleged human rights abuses.
Read more »
US considering new restrictions on AI chip exports to China - WSJ By Reuters⚠️BREAKING: *U.S. CONSIDERING NEW RESTRICTIONS ON AI CHIP EXPORTS TO CHINA 🇺🇸🇨🇳
Read more »
Bearish bets on Asian currencies firm as weak China growth weighs: Reuters pollInvestors increased bearish bets on most Asian currencies, as a stuttering post-pandemic recovery in China, the world's second-largest economy, weighed on sentiment, a Reuters poll showed on Thursday.
Read more »
Here's Why People Say These Influencers 'Threw Away' Their 'Morals' After Supporting Shein's FactoriesWhat's the late stage of capitalism called where influencers say poor labor conditions are propaganda.
Read more »