Shein Shares Slide at Hong Kong Debut as Investors Question Its Prospects

Shein began trading in Hong Kong with a sharp drop in its shares, highlighting investor doubts about the future of the Chinese fast-fashion company.

The stock fell as much as 10% at the opening of trading, leaving Shein with a market value of around $26 billion. That figure is only a fraction of the value analysts had assigned the company several years ago.

Investors are concerned about slower growth and rising costs. They also face tighter regulation of low-cost cross-border e-commerce, an area central to Shein’s business.