shein.mp4
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00:00 Shein is an app that has found a new lead among the millennial and has delivered products to more than 150 countries.
00:09 The company is now studying the marital status of London and New York Stock Exchange.
00:14 How were the financial results of this company in 2023?
00:18 The company was able to achieve record profits and exceeded $2 billion,
00:23 up from $700 million in 2022. If we compare these profits with competing companies such as Zara and H&M,
00:31 we find that the profits in 2023 are less than Zara's profits, which reached $5.8 billion,
00:37 but it is higher than H&M's profits, which reached $820 million.
00:43 The founder of the company owns 37% of the company,
00:47 and the total value of the company exceeds $60 billion in the last financial year, according to analysts and evaluation studies.
00:56 The company has 1,038 employees in China, and according to its website on LinkedIn, it has 800 employees in Singapore.
01:07 The company is now waiting for the regulatory approval from Beijing to submit its first year in New York or London.
01:15 According to the Daily Mail, the company is expected to announce the approval date in the next few days.
01:25 The company is expected to make this proposal in 2024.
01:31 The proposal in the New York Stock Exchange was opposed by the company's legislators,
01:37 and the company's legislators asked the Financial Reporting Commission not to approve the approval until it is verified that the company does not use short-term contracts.
01:47 Al-Qasriyah.