The long-awaited IPO put the company's valuation at around US$26.3 billion with its listing price of HK$48.56 well short of the nearly US$100 billion during private fundraising rounds in 2022.
Shein, known for its ultra-low prices and rapidly produced clothes, said proceeds from the sale would be used to finance its technological capabilities and boost its international presence.
Category: News
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Fast-Fashion Giant Shein Plunges 10% On Hong Kong Debut
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Nepal Says Death Toll Rises To 987, Bringing Total Killed Past 1,000
Devastating floods on the China-Nepal border have killed at least 987 people in Nepal, the disaster authority said Tuesday, taking overall deaths to more than 1,000. Chinese state media earlier confirmed 16 people were killed in Tibet, bringing the total toll from Wednesday’s disaster to 1,003. The number of missing in Nepal dropped to 3,916,...
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Duane “Keffe D” Davis Former Gang Member Found Guilty Of Murdering Tupac Shakur
Thirty years after the rap legend's death, the jury found Davis, 63, guilty of murder after just a few hours of deliberation.
"Count one, murder with use of a deadly weapon, guilty of first-degree murder with use of a deadly weapon," the foreperson of the jury announced to the court.
Davis, who faces possible life in prison without parole, addressed Judge Carli Kierny after the verdict was announced and stated his intention to appeal.
The one-time leader of the South Side Compton Crips was accused of ordering the September 7, 1996 killing of the hip-hop artist after his own nephew had been beaten by members of Shakur's entourage at a Las Vegas casino.
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Record US$947m July Remittances Bring Cardoso’s US$1bn Monthly Target Within Sight
The Governor of Central Bank of Nigeria Olayemi Cardoso has disclised that Nigeria has recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, which he siad is the highest monthly inflow ever recorded through formal channels and approaching the US$1 billion monthly target set by Central Bank of Nigeria...
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Nigeria Takes Xenophobic Attacks In South Africa To African Union
The Nigerian leader also urged African countries to strengthen efforts against xenophobia and Afrophobia through dialogue, preventive diplomacy and collective action.
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Guinea-Bissau Votes In Referendum On Giving President More Powers
Ballot counting began in military-run Guinea-Bissau as voting ended in Sunday’s referendum, which could give the president more powers ahead of a general election meant to restore civilian rule later this year. Security was stepped up at strategic points in the capital, with members of the national guard and the police stationed at key locations....
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Syrian Embassy Reopens After 14 Years Of Diplomatic Break
The Syrian embassy in Tripoli was closed in 2011, after Libya's then-transitional authorities recognized the Syrian opposition and moved to end official ties with the government of Bashar al-Assad.
The latest move comes as Syria's new government seeks to rebuild its diplomatic relations in the region following the fall of Assad's government in December 2024.
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China Penalises 10 People For Misinformation Over Deadly Mudslide
Chinese authorities penalised 10 people accused of spreading misinformation online about a deadly mudslide along the Nepal border, police said Monday, as rescuers scour for hundreds missing at a border crossing on the Tibetan side. The penalties, which could range from fines to 10 days in detention, come as rescuers on both sides of the...
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China’s Xi And Iran’s Pezeshkian In Kyrgyzstan, Putin Expected
China’s Xi Jinping and Iranian President Massoud Pezeshkian were in Kyrgyzstan for a summit of the Shanghai Cooperation Organisation, with Russia’s Vladimir Putin expected later on Monday for the two-day event that will involve over a dozen other leaders. The regional SCO bloc, which seeks to be a counterinfluence to the West, is celebrating its...
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Nepal Flood Death Toll Rises To 903, Missing 4,247 – China Disaster Authority
Chinese state media earlier confirmed 16 dead and 546 people missing in Tibet following Wednesday's disaster, taking the overall toll to 919 dead and 4,793 missing.