Shein's $98.2 Bn Valuation Has Lost Its Shine, What Went Wrong? - Outlook Business

Shein is targeting a valuation of $25–28 billion in its Hong Kong IPO, down from $98.2 billion in 2022. Revenue growth has slowed sharply, while margins and profitability have come under pressure. Higher trade costs, regulatory scrutiny and intensifying competition are challenging the low-price model that powered Shein’s rapid rise.