According to a report from Inside Retail Asia, Shein’s latest regulatory filing reveals a net loss of US$99 million, a €3 per-package toll in Europe, and a valuation that has halved to approximately US$30 billion.
The fast-fashion retailer, which built its global dominance by leveraging de minimis exemptions for low-value shipments, is now facing stricter customs enforcement in both Europe and the US. The €3 fee is part of the EU’s broader customs reform targeting cross-border e-commerce imports.
Shein’s valuation dropped from US$66 billion to US$30 billion, reflecting investor unease over profitability headwinds and regulatory challenges. The filing could delay the company’s anticipated initial public offering as it restructures its supply chain to comply with new rules.