Shein slips into quarterly loss as tariffs bite ahead of Hong Kong IPO
Shein posted a $99 million quarterly loss as higher duties on small-pack shipments and ongoing US‑China tariff tensions weighed on sales, even as active customers rose to 281 million and orders topped one billion; the company, preparing for a Hong Kong IPO, said it may raise US prices to offset costs, and noted Iran-related demand hits, higher costs, and delivery delays, plus a $328 million paper loss from an accounting change for special investor shares.