Hong Kong

The Chinese AI startup Moonshot has filed a confidential prospectus for an IPO on the Hong Kong Stock Exchange. The company plans to raise $3 billion in the offering.

Ultra-fast fashion giant SHEIN opened its first trading day on the Hong Kong Stock Exchange with a 10% drop, which later recovered to 2.5%. The company raised $1.7 billion at a valuation of $26.5 billion.

Shein has completed its initial public offering on the Hong Kong Stock Exchange at a valuation of approximately $26 billion, after raising $1.7 billion. This is significantly lower than the 2022 valuation.

Fast fashion retailer Shein aims to raise up to $1.8 billion in its Hong Kong IPO. The company's valuation is set at $26–27 billion, nearly 75% lower than its 2022 peak.

The prospectus published by Chinese retail giant SHEIN ahead of its Hong Kong IPO outlines plans to shorten delivery times, scale its marketplace model, and invest in AI for supply chain optimization.

Online fashion giant Shein has published a draft prospectus for its Hong Kong IPO. Financial results reveal a decline in profitability following the US cancellation of customs duty exemptions on low-value shipments.

The typhoon reached the coast in Guangdong province, bringing strong winds and heavy rains. Authorities declared the highest level of alert for flash floods in several provinces.

The Hong Kong Observatory has issued a level 9 typhoon warning as Typhoon Noul approaches the coast. Passengers are advised to check their flight status before heading to the airport.