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SHEIN PROFITABILITY DECLINE
Shein will struggle to justify $40-50 billion Hong Kong IPO valuationRevenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion r...- Global Market: Shein slips to quarterly loss as US tariff changes weigh on sales ahead of Hong Kong IPOFast-fashion giant Shein reported a $99 million loss in Q1 2026, hit by slowing sales after the US ended duty exemptions for low-value impo...
- China's global ecommerce push stalls as Iran war lifts costs, dampens demandThe business models, based on flying $5 dresses from Chinese factories to shoppers around the world, were already under pressure after U.S....
- SoftBank-backed Meesho set to seek up to $605 million via IPOIndian e-commerce firm Meesho, known for its low-priced offerings, is set to raise $606 million through an IPO to expand into smaller towns...
- Uniqlo operator Fast Retailing posts record profit for fourth year, beating forecastsUniqlo's parent company, Fast Retailing, has reported its fourth straight year of record profits. Strong sales in Japan and the United Stat...
- China's small workshops are hurting. Trump's tariffs are only one reason.Guangzhou's garment manufacturing sector is struggling due to U.S. tariffs and rising labor costs. Factories face declining orders and pres...
- The Warehouse battling shrinking revenue, stiff competition amid turnaround effortsThe Warehouse is tackling big problems. Sales are down, and rivals like Kmart and Ikea are tough. Online stores such as Temu and Shein are ...
- Trump's tariff shockwaves; Scapia's fundraisePresident Donald Trump's broad import tariffs will have repercussions for the tech world. This and more in today's ETtech Top 5.
- The Deepinder Goyal interview; Trump boosts Indian cryptoHappy Tuesday! In an exclusive interview with ETtech, Zomato’s CEO Deepinder Goyal spoke about the challenges of food delivery, cash burn i...
- Swiggy shares drop another 6%, investors lost Rs 40,250 crore this yearSwiggy's stock dropped 6%, reaching a 52-week low of Rs 359 following weaker-than-expected Q3 earnings, with net losses widening to Rs 799 ...
- In China's export hub of Yiwu, traders shrug off Trump's tariffsTraders in Yiwu, China's largest wholesale hub, are largely unperturbed by U.S. President Trump's tariffs, having prepared in advance.
- Trent may be losing favour with investorsTrent shares tumbled 8.3% on Thursday after its third quarter results, but regained some of the losses on Friday, rising 3.1% to close at ₹...
- Amazon, echoing Microsoft, says it can’t keep up with AI demandChief Executive Officer Andy Jassy, determined for Amazon to become an AI supermarket, is spending big to retain the company’s edge in clou...
- Zomato is finally Eternal; TCS rolls out variable payZomato will now be officially called Eternal. This and more in today’s ETtech Top 5.
- Shein files with Chinese regulator for planned US floatFashion company Shein is seeking Beijing's nod to go public in the U.S., a decision which could delay its float plans. The Singapore-based ...
- Amazon analysts expect same-day delivery to boost margins in Q3Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily i...
- Locally made Pixel and more from Google India; importers may need certification for IT hardwareAfter years floundering in India’s booming smartphone market with an almost non-existent presence, Google is trying to rewrite the script. ...
- Online fast-fashion giant Shein deal to re-enter India comes with strict licensing rulesThe agreement, which comes three years after Shein was booted out of India, will require the retail arm of Reliance to fully own the domest...
- Don't miss these ETtech exclusives from this weekHere’s a list of our scoops, exclusives and news that matters from across the startup and technology sector.
- Building India's Shein: why investors are backing a new wave of fashion ecommerce startupsThe big action is taking place in the online fast-fashion space, with companies looking to build an ecosystem in India from scratch. The ne...
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