Singapore, 27 July 2026 – Shein recorded a quarterly loss of US$99 million as weaker United States sales, higher tariffs and delivery disruptions placed pressure on the fast-fashion group ahead of its proposed Hong Kong initial public offering.
The result for the first three months of 2026 compared with net income of US$395 million during the corresponding period a year earlier, representing a sharp reversal as changes to cross-border trade rules affected its low-cost e-commerce model.
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