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Shein shares drop 11.6% in HK after weak first earnings, EU regulatory pressure
Le SoirLO·CN · HK·2 days ago
Shein's first post-IPO earnings report revealed a profit decline, triggering a 14% stock drop, its largest since its Hong Kong debut on September 1. The market reaction signals investor disappointment with the fast-fashion retailer's growth and profitability outlook, raising questions about its valuation and competitive pressures.