Tag: Hong Kong Stock Exchange

BusinessInternational Business and Trade

Shein Reports Revenue Growth Amid Profit Decline and Trump Tariff Uncertainty

Fast-fashion giant Shein reported 20% revenue growth reaching $37bn while profits fell 13% to $1.5bn. The company warns of increasing uncertainties from evolving US tariff policies and faces allegations of aggressive tax avoidance through international corporate structures.

Revenue Growth Contrasts with Profit Decline

Fast-fashion retailer Shein has reportedly achieved significant revenue growth while facing profit challenges, according to newly released accounts. The Singapore-based company recorded a 20% increase in global revenues to $37bn, but pre-tax profits fell by 13% to $1.5bn last year from $1.3bn in 2023. Sources indicate that increased selling and marketing costs contributed to the profit decline even before the impact of recent changes to tariff policies.

by Elisa Romero
MobilityStartups

Pony.ai and WeRide Secure Hong Kong Listing Approval Following U.S. IPOs

Chinese autonomous driving technology companies Pony.ai and WeRide have obtained crucial approval from Chinese securities regulators for secondary listings in Hong Kong. Both companies, already trading on Nasdaq, are moving forward with their Hong Kong listing plans as part of a broader trend among Chinese firms seeking dual listings.

Regulatory Green Light for Autonomous Vehicle Listings

Chinese self-driving car technology companies Pony.ai and WeRide have received key approval from Chinese securities regulators to pursue secondary listings on the Hong Kong Stock Exchange, according to regulatory filings reported to the U.S. Securities and Exchange Commission. The China Securities Regulatory Commission, which holds final authority over overseas listings by companies from China, issued notices approving both companies’ proposed listings.

by Nathan Cole