Shein, the Chinese fast-fashion retailer, is planning a stock market debut in Hong Kong with an estimated valuation of $27 billion (£19.8 billion), down from earlier expectations. The listing comes after the company abandoned plans to float on the London Stock Exchange, which analysts say avoided regulatory and reputational risks. Shein is known for selling extremely cheap clothing through its online platform and has faced scrutiny over its business practices and supply chain.
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