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The Nexus
BUSINESSJul 27 · 03:00 UTCSCMP WORLDZoe SL Chan

Fast-fashion giant Shein swings to US$99m first-quarter loss ahead of Hong Kong listing

Fast-fashion giant Shein reported a US$99 million first-quarter loss in 2026, reversing a US$395 million profit from the same period in 2025, as rising Western tariffs impacted margins. Net revenue increased slightly to US$9.05 billion in Q1 2026, with full-year 2025 revenue rising nearly 8% to US$41.85 billion.

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