Shein, which sells $7 dresses and $5 home goods in more than 150 countries, has moved its headquarters to Singapore but manufactures most of its products in China
The letter urged the SEC to ensure that Shein and other foreign companies listed on U.S. exchanges verify through independent audits that they comply with U.S. laws that prohibit imports made with any forced labour.
“We have zero tolerance for forced labour, and no contract manufacturers in the Xinjiang region. We will continue to engage with U.S. federal and state officials to answer their questions,” a Shein spokesperson said.Reuters reported in July that Shein was working with at least three investment banks on a potential U.S. initial public offering and had been in talks with the New York Stock Exchange and Nasdaq, citing people familiar with the matter.
Shein has been able to rapidly expand in the U.S. despite concerns over its labour practices and sustainability. To speed deliveries and meet rising U.S. demand, Shein in 2022 opened a warehouse in Indiana. It expanded by 302,000 square feet or 20% this month to nearly 1.8 million square feet, according to a source familiar with the matter.In May, two dozen U.S.
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