Shein’s platform exports exceeded US$14.5 billion in 2025. (Reuters pic) BEIJING: Fashion titan Shein has won approval from China’s market watchdog for its initial public offering application in Hong Kong, the China Securities Regulatory Commission (CSRC) said in a statement on Friday. Shein’s plan to sell up to 341.6 million shares and list on the…
Hong Kong authorities have lambasted the “harbouring of criminals by countries” as Australia and the United Kingdom granted asylum and residency status respectively to a pair of opposition activists wanted for national security offences. Fugitive former lawmaker Ted Hui Chi-fung, who lives in Adelaide, and activist Tony Chung Hon-lam, based in London, announced separately on…
The UK has become one of the biggest markets for ultra-fast fashion, including for China-founded Shein, which generated an estimated £1.5bn ($2bn) in UK revenue in 2023. With Shein reportedly exploring a London IPO, any potential shift in the UK’s regulatory environment could materially affect its valuation, investor confidence, and growth trajectory. At the same…
The UK has become a pivotal market for Chinese electric vehicle (EV) manufacturers, accounting for 30% of all Chinese electric models sold across Europe. The number of electric cars on UK roads has nearly doubled in the past two years, and nearly one in five new cars sold in 2024 was electric. BYD (1211.HK), China’s…
As the UK prepares for a heatwave this week, there is a 50/50 chance of a day where temperatures reach 40C within the next 12 years, the Met Office has predicted. It said the prospect of exceeding that figure is now more than 20 times more likely than it was in the 1960s, as a…