According to the Financial Times, Shein is facing resistance for its IPO in London and is considering listing in Hong Kong instead. Despite a potential 50 billion British pounds ($60 billion) valuation in London, Shein encounters opposition from activists and weak investor support. Founder Xu Yangtian aims to complete the IPO by year-end and is open to a Hong Kong listing, though less enthusiastic. Shein may pursue dual listings in Hong Kong and London, having largely abandoned plans for New York.