China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint Business live – latest updates Shein, which built a fast-fashion empire on what seemed like impossibly low prices , has been forced to lower its own valuation in a cut-price stock market f...
Source: [Guardian International](https://www.theguardian.com/business/2026/aug/24/fashion-giant-shein-27bn-valuation-hong-kong-market-debut)