Shein reportedly weighs moving back to China in a bid for Hong Kong IPO approval
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According to Tuesday’s Bloomberg report, Shein is thinking of carrying back to China to persuade Beijing officials to approve the E-Commerce of Hong Kong’s first public offering.
In the report, shein said that she went far enough to consult lawyers on establishing a parent company at the Chinese mainland, referring to people familiar with the issue. However, he added that Shein is not a guarantee that he would act according to preliminary debates.
Shein, a significant source of its goods from China, applied for the first public offering in Hong Kong last month. Financial Times Report.
This comes after Shein’s delays in London’s public listing plans. Company secretly filed There a year ago, but the regulatory fought to get approval.
Shein did not respond to CNBC’s comments.
A London list was seen as a potential blessing for the Chinese company, and more legitimacy for international business and access to a deep and mature pool of Western investors.
Founded in October 2008 in Nanjing, China, the company has long focused on global expansion. Shein recorded the center of Shein in Singapore in 2019 and has been there since 2021.
However, the e-commerce platform, which specializes in fast fashion, faced US President Donald Trump this year with the winds of assembly policy in Western markets Removing a valuable tariff exemption This helped maintain low prices in small posts from China. MPs in some other Western markets also think of similar movements.
Even before London, Shein had not listed in the US, where he faced a reaction to compulsory working allegations in the supply chain.
Read the entire Bloomberg report Here.
