China launches security review of Shein ahead of IPO
China's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. IPO.
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China's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. IPO.
Fashion company Shein is seeking Beijing's nod to go public in the U.S., a decision which could delay its float plans. The Singapore-based company, valued at $66 billion in a May fundraising, filed with the Chinese regulator in November to comply with new listing rules for local firms.
Beijing’s actions have returned knots to all too many investors’ stomachs.
With more than three-quarters of countries adopting some form of data localization, and soon more than three-quarters of the world population protected by privacy rules, companies need to take care.
After a lousy three years for China’s internet giants, many investors are asking: Where do things go from here?