Shein Group is considering shifting its headquarters from Singapore back to China to secure Beijing’s approval for a planned Hong Kong initial public offering, according to Bloomberg.
The fast-fashion giant has consulted lawyers on creating a mainland parent company, though talks are still at an early stage and no decision has been made.
Founded in China, Shein has struggled to advance listing plans abroad. Attempts to go public in New York and later London stalled amid political scrutiny from US and UK lawmakers and regulatory hurdles in Beijing.
Approval for offshore listings has become more difficult as US-China tensions rise.
The company is now focusing on Hong Kong as its most viable option, though it has yet to confirm the reported move.