Shein slumps to loss ahead of planned Hong Kong listing

Shein has experienced a slump in profits and reported losses prior to its planned Hong Kong listing, largely due to trade tensions between the US and EU. Meanwhile, Zhongji Innolight Co. is preparing for the city's largest first-time share sale in seven years. The company is reportedly informing prospective investors that it intends to price its HK$53.4 billion Hong Kong listing below the maximum threshold as it moves toward finalizing the offering process.