Overview

• Newly filed accounts show global revenue up 20% to $37bn, while pre-tax profit fell to $1.5bn on higher selling and marketing costs.
• Shein warns that evolving U.S. tariff and import policies have increased uncertainty that could affect future performance.
• News reports say the retailer’s U.S. trade is thought to have been hit after President Donald Trump’s administration ended the $800 de minimis import exemption.
• Shein is reported to be pursuing a Hong Kong listing after earlier efforts to float in the U.S. and UK faltered.
• In the UK, critics allege profit shifting to a Singapore parent as the firm paid £9.6m in corporation tax on roughly £2bn of sales, claims Shein rejects, while low-value import rules around £135 continue to draw scrutiny alongside concerns over labor and environmental practices.