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中文(ZH) 希音披露聆讯后资料集:2025年营收418亿美元

Shein files for Hong Kong IPO, projects $41.8B revenue in 2025

Shein has submitted its post-hearing information to the Hong Kong Stock Exchange, positioning itself for what could be the largest cross-border e-commerce IPO in Hong Kong in 2026. The company reported revenues of $41.8 billion in 2025, with a compound annual growth rate of 14.2% from 2023 to 2025. By the end of 2025, Shein served approximately 273 million active customers across about 160 markets. AI

RANK_REASON Significant IPO filing by a major cross-border e-commerce company. [lever_c_demoted from significant: ic=1 ai=0.1]

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Shein files for Hong Kong IPO, projects $41.8B revenue in 2025

COVERAGE [1]

  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    SHEIN discloses post-hearing information: 2025 revenue of $41.8 billion

    36氪获悉,7月26日,希音(SHEIN)向港交所披露聆讯后资料集。若顺利挂牌,将成为2026年港股最大的跨境电商IPO。2025年,希音实现总收入418亿美元,2023至2025年复合年均增长率达14.2%;2025年同期实现净利润20.6亿美元。截至2025年底,平台服务约2.73亿活跃客户,业务覆盖约160个市场。