Shein

Shein founder Xu Yangtian made a rare public appearance in Guangdong, pledging to invest ~$1.45B into the province's supply chains in the next three years

Xu Yangtian says help from Communist Party and regional province was vital to fast-fashion retailer

Sources: Shein told investors in August that it expects $2B in 2025 net income, up 81% YoY, despite US tariffs and forecasts mid-teen percentage growth in sales

Bloomberg :

Shein launches Xcelerator, a service granting other fashion brands access to its fast-fashion manufacturing network in China, as it seeks new revenue streams

Bloomberg :

Filing: Shein reports 2024 UK sales up 32.3% YoY to £2.05B, making the UK its third largest market after the US and Germany, as it works toward a Hong Kong IPO

Helen Reid / Reuters :

Filing: Shein reports 2024 UK sales up 32.3% YoY to £2.05B, making the UK its third largest market after the US and Germany, as it works toward a Hong Kong IPO

Helen Reid / Reuters :

Sources: Shein's net income rose to over $400M, revenue rose to ~$10B in Q1, driving profit margins to ~5%, driven by consumer purchases ahead of US tariffs

Bloomberg :

An analysis of ~200 Shein items between April and July: prices spiked in April, settled at 12.5% above pre-tariff levels by late May, and jumped again in July

Evidence for the impact of Trump's trade war has shown up at the popular China-founded online retailer.

How Shein is leveraging its Reliance Retail partnership in its return to India, as fashion now accounts for 27% of India's online sales, up from 16% in 2020

India's fast-fashion segment grew 30-40% in the year through March  —  Reliance is making a bold bet on Shein …

Sensor Tower: Temu's US MAU fell 51% to 40.2M from March to June, while Shein's dropped 12% to 41.4M, amid the US' China tariffs and “de minimis” closure

Financial Times :

Sources: Shein plans to file confidentially for a Hong Kong IPO; filing confidentially remains relatively rare in Hong Kong