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The fast-fashion giant Shein is now reportedly exploring a listing in Hong Kong, a move that comes as its plans for a blockbuster London IPO have seemingly stalled.
The London listing has faced a number of hurdles, including intense scrutiny from UK politicians and human rights groups over the company's supply chain and labor practices.
The move towards a Hong Kong listing suggests that Shein is seeking a less contentious route to go public.
The shift is a blow to the London Stock Exchange, which had hoped to attract a major international company to its market.
The stalled London IPO highlights the increasing importance of environmental, social, and governance (ESG) factors for UK regulators and investors.
The political and ethical concerns surrounding Shein's business model have made a London listing a difficult proposition.
While the company has not officially abandoned its London ambitions, the exploration of a Hong Kong listing indicates that it is a serious contingency plan and a clear signal of the challenges it faces in Western markets.




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