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5.4
Shein valuation drops to $27 billion ahead of Hong Kong IPO
Al Jazeera AR·CN · HK·1 day ago
Shein is shifting its strategy toward acquiring established fashion brands to offset slowing organic growth following a significant valuation decline from its 2022 peak. The move follows the company's Hong Kong IPO, signaling a pivot to inorganic expansion to stabilize its market position.