The Chinese fast fashion giant Shein appears to be moving towards London, rather than New York, for its planned stock market listing. On the face of it, this would be an enormous fillip for London, especially given the soul-searching last year over its attractiveness after a clutch of big UK and Irish companies moved their main stock market listing to New York.
Just days later, China launched a crackdown on its tech sector, sparking a slump in the shares of Chinese tech companies. Most of the damage was done on the Shanghai and Hong Kong stock exchanges but, in New York, shares of Didi Global fell to 42% below the price at the company's IPO. Didi Global delisted from the New York Stock Exchange the following June.
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