Behind the Money cover image

Behind the Money

The wrinkle in Shein’s IPO plans

Jun 12, 2024
FT's China tech correspondent Eleanor Olcott discusses Shein's stalled IPO plans due to its ties with Beijing. Shein considers shifting focus to London for IPO listing amid US-China tensions. The podcast explores challenges faced by Chinese tech companies amid geopolitical issues and how alternative markets like the UK are being explored for IPOs.
16:18

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Shein's IPO delay attributed to US-China tensions, forcing it to explore London as an alternative listing venue.
  • Efforts to distance Shein from China for IPO approval highlight challenges faced by Chinese companies in global markets.

Deep dives

Xian's Struggle for US IPO Approval

Xian, a fast fashion giant, aimed for a US IPO but faced challenges due to tensions between Beijing and Washington. Despite exponential growth and profitability, securing approval for its IPO proved elusive. Regulatory hurdles stalled its listing in the US, emphasizing the widening gap between the two superpowers.

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