Shein is going public in Hong Kong, but its 73% valuation plunge highlights mounting cost, regulatory pressures, and a reputational crisis.
Hong Kong admits AI will cost jobs: Its training fix reaches just 1% of workers
Hong Kong AI jobs face a structural threat: the World Bank estimates 521,000 workers are at risk, but Financial Secretary Paul Chan's training program targets just 50,000. Here is what workers in ...
Shein to make $1.77B stock market debut in Hong Kong after years of delays
Chinese online fashion giant Shein announced plans to raise $1.77 by selling 280 million in its long-awaited IPO on the Hong Kong Stock Exchange.
Shein targets $27 billion Hong Kong IPO — a fraction of its 2022 valuation
Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.
The Shein IPO Is Finally On But It Has Lost 70% In Value Along The Way
After four years hitting heads with U.S. and U.K. regulators, Shein will get its IPO. But the valuation has come down a long, long way from the heady post-pandemic days.
Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70% below its private-market peak ...
Shein seeks $27bn valuation from Hong Kong IPO
New figure is just over a quarter of its peak after fast-fashion retailer’s attempts to list in New York and London derailed by opposition ...
Shein targets $27 billion valuation in long-awaited Hong Kong IPO
The fast-fashion giant said it would use the proceeds raised to strengthen its technology infrastructure, as well as strengthen its global presence.
Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO
By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein's valuation has dropped by around 70% from a near $100 billion private market peak four years ago, as it ...
Report: HSBC HK Requires Mainland CN Investment Clients to Confirm Source of Funds, Services May Be Terminated for Failure to Submit on Time
Following requirements for new account openings to confirm that funding sources are legitimate channels outside Mainland China, HSBC Hong Kong has recently issued notices to certai... Open trading ...
Hong Kong races to match Singapore’s tax break to lure global fund managers
Singapore’s new tax exemption for fund managers has prompted Hong Kong financial analysts to urge the city to accelerate its own tax break to boost its competitiveness as a financial hub.
Singapore and Hong Kong compete to cut taxes for investors in escalating financial hub rivalry
Singapore and Hong Kong are cutting taxes to attract fund managers in an escalating rivalry, with S$7 trillion in assets under management at ...
Hong Kong’s Student Housing Crisis Spurs Bank Lending Boom
The aging Regal Oriental Hotel is hardly a Hong Kong hotspot, yet in recent weeks it’s become a popular destination for bankers from some of the city’s top lenders, some of whom made repeat visits.
Hong Kong’s new frontier: A safe harbour for Gulf capital
Hong Kong is building gold, technology and trading infrastructure to attract Gulf investors seeking access to Asia’s growth markets ...