Shein is disclosing an FTC investigation as it readies for Hong Kong IPO

The fast-fashion retailer said the probe's outcome may require significant monetary payments that could hurt its financial condition

Shein disclosed the FTC is investigating its U.S. business, but the nature of the probe is unclear.

Shein will struggle to justify up to $50 billion Hong Kong IPO valuation  Reuters

Investors are expected to scrutinize whether Shein can justify the US$40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.

Hong Kong businesses can leverage Xinjiang’s connectivity with Central Asia to expand into new markets while the city’s financial, trade and professional services can help businesses in the region enter Southeast Asia, according to political analysts. But an economist and a textile industry veteran have warned of poten