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Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO

July 27, 2026
Source: straitstimes.com straitstimes.com
News Snapshot:
SINGAPORE/BEIJING - Shein swung to a US$99 million (S$127.6 million) quarterly loss due to slowing sales after the US removed an import duty exemption on small packages and a hefty one-time accounting charge, the online retailer’s pre-IPO financial filings showed on July 26.The filing, which lays the groundwork for investor roadshows and official bookbuilding of its much-awaited Hong Kong IPO, showed that Shein posted a loss in the first quarter of 2026 compared with a net income of US$395 million a year earlier.The European Union, a key market for Shein, also in July imposed a €3 (S$4.4) fee on low-value...
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