Shein flags tariff hits after quarterly loss ahead of Hong Kong IPO

BEIJING : Shein swung to a US$99 million quarterly loss due to slowing sales after the US removed an import duty exemption on small packages and a hefty one-time accounting charge, the online retailer’s pre-IPO financial filings showed on Sunday. The filing, which lays the groundwork for investor roadshows and official bookbuilding of its much-awaited Hong Kong IPO, showed that Shein posted a loss in the first quarter of 2026 compared with a net income of US$395 million a year earlier.

The EU, a key market for Shein, also this month imposed a €3 fee on low-value e-commerce imports, to curb what the EU calls unfair competition from China.

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