Chinese fashion giant Shein reports ₹950-crore loss in Q1 2026

Chinese fashion giant Shein reported a ₹950-crore ($99 million) net loss in the first quarter of 2026 after sales were hit by the Trump administration's removal of the "de minimis" duty-free policy. The company is targeting a Hong Kong IPO as early as August 2026. Its revenue, however, rose 1.1% to $9.05 billion from $8.95 billion during the quarter.