Shein lost $99 million. Its recovery plan will cost you dearly

Jul 28, 2026 5:55 pm | JPost BizTech, Technology

Lost $99 million in a quarter, but on track for a massive Hong Kong IPO. Shein (photo credit: gettyimages, Illustration by Ben Montgomery)
The fashion giant reported a transition to a $99 million loss and a sharp drop in profitability in its IPO prospectus, driven by customs levies and growing competition.
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