The Financial Times of the UK quoted insiders as reporting that the net profit of Chinese clothing e-commerce platform SHEIN (Xiyin) in 2023 increased by more than double to more than $2 billion, higher than $700 million in 2022 and $1.1 billion in 2021.
SHEIN is awaiting approval from the regulatory authorities for its listing in New York or London. It is reported that the China Securities Regulatory Commission and the Office of the Central Cyberspace Affairs Commission are expected to approve the issuance of SHEIN's shares in the coming weeks.
