In 50 Words: Shein posts record profits in H1 2023, Brazil sales triple

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In 50 Words: Shein posts record profits in H1 2023, Brazil sales triple

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Shein, the China-founded fashion retailer now based in Singapore, told investors it achieved record profits in H1 2023. Speculations about a potential US IPO surface as the firm continues to experience growth, especially in the US market.

It also revealed its Brazilian marketplace sales tripled to nearly US$100 million.

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