Shein shares dive more than 11% after disappointing earnings
Shares in Chinese fast-fashion giant Shein plunged more than 11 percent in Hong Kong on Tuesday after releasing disappointing financial results.
The firm said revenue grew just one percent on-year in the first six months of the year, while operating profit halved. The earnings were its first since listing this month following a high-profile initial public offering.
Latest stories
Europe With Russia next door and rising costs, Latvia goes to the polls
Latvians have begun to vote in an election shaped by concerns over neighbouring Russia and the cost of living, but the result is not expected to steer the country...
Africa Ethiopia's Tigray rebels abandon regional capital as govt advances
Tigray rebels were abandoning their regional capital in northern Ethiopia on Saturday, a local journalist and residents told AFP, as pro-government forces...
Sports Red Bull's Verstappen grabs pole position for Bahrain GP
Four-time world champion Max Verstappen grabbed pole position for the Bahrain Grand Prix being held in Malaysia with the fastest...