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3d ago

Shein Posts $10B Q1 Revenue From U.S. Pre-Tariff Buying, Awaits Hong Kong IPO Approval

Facing a phase-out of duty-free low-value shipments on August 29, Shein must adapt its logistics strategy after a quarterly boost from pre-duty demand.

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Shein registra crecimiento en ingresos, pero enfrenta desafíos por aranceles de EEUU.

Overview

  • Shein posted roughly $10 billion in Q1 2025 revenue and $400 million in net income, elevating its profit margin to about 5%.
  • U.S. shoppers accelerated purchases before May’s full tariff regime took effect, underpinning the quarter-end surge.
  • A Trump administration order will eliminate the duty-free de minimis exemption for low-value imports on August 29, ending a key advantage for Shein’s fast-fashion model.
  • The company has filed a confidential prospectus for a Hong Kong IPO after shelving plans in the U.S. and U.K., and is now waiting for Chinese regulatory sign-off.
  • As a private firm, Shein has not disclosed its second-quarter results, and its $66 billion valuation from a 2023 funding round may face downward pressure as trade and regulatory headwinds tighten.