How Shein lost its shine ahead of long-awaited stock market debut

Shein is under scrutiny as it prepares for its stock market debut in Hong Kong, facing criticism over labor practices and sustainability concerns. Once valued at nearly $100 billion, the fast-fashion giant's worth has plummeted to around $26 billion, and its recent share pricing falls short of expectations. Investors are cautious amid increasing regulatory pressures and competition in the industry.

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