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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Shein turns to Hong Kong for flotation as London attempt stalls, reports say

Shein logo on a phone in front of website on a screen
Shein was valued at $66bn in a 2023 fundraising round. Photograph: Dado Ruvić/Reuters

Shein is reportedly aiming to list on the Hong Kong stock exchange as the online fast-fashion retailer struggles to gain the go-ahead from Chinese regulators for a flotation in London.

The company, which was founded in China where the majority of its suppliers are based but now has its headquarters in Singapore, is aiming to file a draft prospectus with Hong Kong’s stock exchange in the coming weeks, according to Reuters.

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