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Shein built a global fashion empire selling ultra-cheap clothing around the world. But ahead of its Hong Kong IPO, its valuation has plunged from nearly $100 bi

Crime News • 2026-08-24 09:15 UTC • By Billy Odell Tucker-Robinson
Shein built a global fashion empire selling ultra-cheap clothing around the world. But ahead of its Hong Kong IPO, its valuation has plunged from nearly $100 bi
Shein built a global fashion empire selling ultra-cheap clothing around the world. But ahead of its Hong Kong IPO, its valuation has plunged from nearly $100 billion to about $27 billion. So what happened? [▻](https://video.twimg.com/amplify_video/2091811076233195520/vid/…
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