FashionShein's Hong Kong Listing Filing Revealed: Only 10% Budget for Sustainability, Tech and Marketing Take 80% of Funds
Shein's Hong Kong stock exchange IPO application shows that out of $1.8 billion in fundraising, only 10% is allocated to sustainability projects. Watchdog group Public Eye points out that the phrase "give back to society what you take from it" has quietly disappeared from the initial draft of the document.