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Fashion retailer Shein has finally received approval for its highly-anticipated Hong Kong IPO, as confirmed by a notice on the China Securities Regulatory Commission (CSRC) website. This development paves the way for Shein’s listing after unsuccessful attempts in both New York and London, marking a significant milestone for the fast-growing e-commerce giant. Founded in 2012 by Chinese-born entrepreneur Sky Xu, Shein has been awaiting Beijing’s approval for a year, with the process requiring clearance from the highest levels of the ruling Communist Party. The company’s IPO has been viewed as politically sensitive by Beijing, leading to cautious consideration due to…
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