The company's business prospects have come under a cloud in recent days after the Trump administration said it would close the "de minimis" duty exemption in the United States, ending an import rule that had helped Shein keep prices low.

Fast fashion giant Shein is poised to slash the target valuation for its planned float in London, according to reports.

Shein is detailing its commitment to product safety after it clashed with U.K. lawmakers on its supply chain and recalled a dangerous hair dryer.

Online fast fashion retailer Shein is reportedly planning to lower its valuation to around $50 billion for a potential listing in London, according to a report by Reuters. This would be nearly a quarter less than the company's fundraising value of $66 billion back in 2023.