The Information:

Sources: Shein's revenue growth slowed to 23% YoY to $18B in H1 2024 and its profit declined 70%+ YoY to just under $400M, as competition with Temu intensifies  —  Shein's march toward an initial public offering has gotten tangled in a web of regulatory scrutiny on three continents this year.

The Information:

Sources: Shein's revenue growth slowed to 23% YoY to $18B in H1 2024 and its profit declined 70%+ YoY to just under $400M, as competition with Temu intensifies  —  Shein's march toward an initial public offering has gotten tangled in a web of regulatory scrutiny on three continents this year.

Source: TechMeme
Source Link: http://www.techmeme.com/241023/p7#a241023p7