The company's business prospects have come under a cloud in recent days after the Trump administration said it would close the "de minimis" duty exemption in the United States, ending an import rule that had helped Shein keep prices low.

Online fast fashion retailer Shein is reportedly planning to lower its valuation to around $50 billion for a potential listing in London, according to a report by Reuters. This would be nearly a quarter less than the company's fundraising value of $66 billion back in 2023.

Sellers and shoppers on the two sites say they saw items disappear and prices go up after President Donald Trump implemented tariffs on Chinese imports.

Yes, this change will likely affect online shopping sites like Shein and Temu, which are popular among young U.S. shoppers for their cheap products. These are companies that ship directly from China and rely on affordable postal services to keep prices low.

Shein and Temu shifted more of their orders to be fulfilled in the US ahead of de minimis changes.