@cnn: Shein, the fast fashion company once valued at nearly $100 billion in a private funding round, is pitching to investors at a valuation of under $30 billion for its initial public offering in Hong Kong, according to the Financial Times. CNN’s Kristie Lu Stout breaks down the reasons behind the e-commerce darling’s steep drop in valuation. #CNN #News

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Wednesday 12 August 2026 06:30:28 GMT