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A single line in U.S. customs law quietly bankrolled the ultra-cheap fashion giants shipping from Guangzhou to your door. Now that the loophole is closed, the bill is coming due and investors are only beginning to count the damage.
Shein stock had a trading debut to forget on Tuesday, summing up the waning fortunes of a company that was at one point expected to upend the entire fast-fashion market. There have been plenty of stellar IPOs in China this year—the most notable being memory-chip maker CXMT which surged 466% on its trading debut in July to become the country’s most valuable company. Shein never looked likely to join the club.
PDD Holdings beat earnings estimates but missed on revenue, with net income falling as spending on subsidies and AI rises, leaving shares lower despite the profit beat.
PDD Holdings Inc (PDD) reports 8% revenue increase to RMB112.4 billion, but net income declines 12% as the company prioritizes long-term ecosystem building and navigates EU customs changes.
PDD (NASDAQ:PDD) reported second-quarter 2026 revenue growth of 8% as the e-commerce company continued to increase investment in platform governance, merchant support, supply-chain development and rural logistics. Net income declined as those investments weighed on profitability. Revenue for the qu
PDD’s second-quarter revenue missed expectations as the company navigated fierce domestic competition and increased regulatory pressure.
Fast-fashion retailer Shein Global Holdings Ltd. is targeting a valuation in the range of $26 billion to $27 billion in its initial public offering in Hong Kong, according to people familiar with the matter, a sharp drop from its peak value.
Z.ai Co. is set to upgrade its flagship AI model, adding to a series of Chinese open-weight offerings seeking to outcompete Anthropic PBC and OpenAI.
Shein Global Holdings Ltd. plans to start taking investor orders for its long-awaited Hong Kong initial public offering as soon as Aug. 20 and debut in the city around Aug. 28, according to people familiar with the matter.
(Bloomberg) -- Shein Global Holdings Ltd. is seeking to list in Hong Kong as soon as in August after securing approval from China’s securities regulator, according to people familiar with the matter.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as
(Bloomberg) -- Shein Group Ltd. is moving ahead with preparatory work for a possible Hong Kong initial public offering, people familiar with the matter said, potentially capping a yearslong effort by the fast-fashion giant to go public.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Iran and Warn
PDD Holdings Inc (PDD) reports an 11% revenue increase, driven by transaction services, while facing net income and profit margin declines.
PDD (NASDAQ:PDD) Holdings reported first-quarter 2026 revenue of RMB 106.2 billion, up 11% from a year earlier, as management emphasized a multiyear push to deepen supply chain investments and expand a new first-party brand business. On the company’s earnings call, Co-Chairman and Co-Chief Executiv
1stdibs (DIBS) delivered earnings and revenue surprises of -50.00% and -1.51%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Maplebear (CART) delivered earnings and revenue surprises of -0.97% and +1.50%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Chinese regulators fined leading food delivery platforms including Alibaba Group Holding Ltd., PDD Holdings Inc. and Meituan for failing to filter out unqualified merchants.Most Read from BloombergHormuz Chaos, Lebanon Clashes Dent Trump Peace Deal HopesNvidia Makes Quantum Computing CEO a Billionaire in DaysUS Seizes First Iran-Flagged Ship in Blockade, Imperiling TalksTrump Says Iran Will Suspend Nuclear Program as Hormuz OpensCongo to Top Ethiopia to Become Sub-Saharan Africa’s
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