The cybersecurity review could potentially complicate Shein’s listing plans, which have run into political opposition in the US

The SPAC announcement came less than two weeks after US regulators named five New York-listed Chinese companies that face delisting

German sportswear giant forecasts an increase in currency-neutral sales of 11-13% for 2022, including risk to its business in Russia and Ukraine, with China to see a modest sales increase

Shein had revived plans to list in New York this year and its founder was considering bypassing proposed tougher rules for offshore IPOs in China

The company's direct-to-consumer sales in China rose 35% in the third quarter, compared with an 85.9% jump in the second quarter

Fashion chain said pre-tax profits rose 64% to $640 million in the three months to the end of November compared with pandemic-hit 2020

The debut follows the official launch of Scotch & Soda’s first digital store on Tmall in China last autumn

Sources said Shein founder Xu was eyeing Singapore citizenship partly to bypass China's new and tougher rules on overseas listings, as it could ease the path to an offshore IPO