
Shein swings to $99m loss after US scraps duty-free parcel rule
Shein reported a $99m quarterly loss ahead of its Hong Kong listing, blaming the removal of the US de minimis exemption on parcels worth under $800.
Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College's journalism school. Her recent reporting includes British Steel's nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

Shein reported a $99m quarterly loss ahead of its Hong Kong listing, blaming the removal of the US de minimis exemption on parcels worth under $800.

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