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Shein, the fast-fashion online retailer, is set to debut in Hong Kong on Tuesday, marking the culmination of a tumultuous journey that emphasizes its identity as a Chinese company. Originally aspiring to go public in New York or London, Shein faced hurdles in both attempts due to lack of approval from Chinese authorities, particularly the securities regulator. To pave the way for its Hong Kong IPO, Shein’s founder, Sky Xu, personally engaged with Chinese authorities and intensified efforts to strengthen ties with the local market. In a strategic move, Xu pledged significant investment in Shein’s manufacturing hub in Guangdong, positioning…
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