Fast-fashion giant Shein's shares drop 9% in Hong Kong market debut

Shein made its Hong Kong market debut on Tuesday after years of attempts to go public.

The top 3

  1. Leading Fast Fashion Companies by Annual Revenue: Inditex (Zara) and H&M Group are leading global fast fashion retailers by annual revenue, with Inditex reporting €35.9 billion and H&M Group SEK 236 billion (approx. €21 billion) in 2023, and Shein's revenue reaching an estimated $32.5 billion in the same year.
  2. Brands with Largest Global Online Presence and App Downloads: Shein consistently ranks as one of the most downloaded shopping apps globally, recording 238 million downloads in 2023, often surpassing traditional retailers like Zara and H&M in app engagement.
  3. Shein's Market Share Growth vs. Established Rivals: Shein has rapidly gained global market share, claiming an 18% share of the fast fashion category worldwide in 2023 and becoming the largest fast fashion retailer in the United States in 2021.

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