Shein slashes its Hong Kong IPO target to $27 billion as the budget fashion retailer battles a $99 million quarterly loss and rising green criticism

The Chinese fast-fashion powerhouse, known for ultra-cheap clothing, has sharply reduced its listing price for the Hong Kong stock exchange debut. After posting a $99 million loss in the first three months of the year, the company is also facing increased scrutiny over its environmental practices. The move marks a significant step back from earlier, more ambitious valuation goals.

Feed · 24.08.2026

Politics

SwapRound is an anonymous platform for sharing short video circles. No registration or account required — just record a circle up to 15 seconds, send it, and instantly receive 5 random circles from other users around the world.

All videos are automatically deleted after 1 hour, ensuring complete privacy. React with likes, fire, and other reactions. Chat anonymously with other users in real time.