Shein shares slide more than 5% on second day of Hong Kong trading

Shein’s Hong Kong IPO had a rocky start — shares fell as much as 10% on debut and were down about 5% on day two after a late stabilisation rally.
The listing raised $1.7 billion and values Shein at about $26.5 billion, far below its near-$100 billion peak in 2022.
Investors flag slowing revenue, squeezed margins and higher import tariffs/competition as risks to Shein’s low-cost, cross-border model.