invest2 publishers
Shein's profit margin shrinks to 2.1% from 6.2% in its first post-IPO results
Shein's quarterly profit fell 67% in its first results since listing, and its shares dropped as much as 14% in Hong Kong on Tuesday. At about $17 billion, against $26 billion at its September 1 debut, the price now depends on whether the thinner margin is temporary.
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap0
- Incentives40
- Confidence65