a day ago
Shein eyes return to China with new Hong Kong float as hopes of a New York or London listing fade
Shein is considering moving its headquarters back to China as it pursues a listing in Hong Kong.
The fast fashion giant, which is now based in Singapore, is battling to win the approval of Beijing regulators to float on the stock market.
The plan to return to China comes as its hopes of listing in New York or London flounder amid concerns over its treatment of workers.
The firm has previously sought to highlight its Singaporean base, in a bid to distance itself from allegations of human rights abuses in the Xinjiang region of China, which Beijing denies.
Shein has said it has 'zero tolerance' for unethical treatment of workers in its supply chain.
It has consulted lawyers about the possibility of setting up a parent firm in China, according to Bloomberg.
