Swetha Gopinath,
Swetha Gopinath is a reporter at Bloomberg News. She covers technology and telecommunications companies in Asia. Prior to joining Bloomberg in 2018, she was a journalist at the Wall Street Journal for four years, where she reported on corporate finance and mergers and acquisitions. Swetha has also worked as a financial analyst at Goldman Sachs Group Inc. She holds a bachelor's degree in economics from Harvard University.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
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Examples:
No current examples available.
Conflicts of Interest
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No current examples available.
Contradictions
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Examples:
- It is not immediately clear when Shein plans to launch the initial public offering.
- Shein had filed for an IPO with the US Securities and Exchange Commission in November and approached the CSRC to seek Beijing's nod in the same month.
- Shein's potential IPO could value the company at about £50 billion ($63.3 billion).
Deceptions
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Examples:
No current examples available.
Recent Articles
Shein Files for London IPO Amidst US Backlash and Supply Chain Concerns
Broke On: Monday, 24 June 2024Fast fashion retailer Shein, facing backlash over labor concerns in the US, confidentially files for a α60 billion London IPO. Workers reportedly face long hours and low wages. Previously sought to list in US but failed due to opposition. Chinese tech giants Alibaba and Ant Group also chose London for their IPOs. Shein Confidentially Files for £63.3 Billion London IPO Amidst Controversy and Geopolitical Tensions
Broke On: Monday, 24 June 2024Shein, a Chinese fast fashion retailer facing backlash over forced labor and US tax law exemptions, confidentially filed for a δ35bn London IPO after failing to win US approval. The company, founded in 2008 by Xu Yangtian, has raised $4.5bn from investors and faces regulatory uncertainty due to its offshore structure and geopolitical tensions between China and the US. Despite criticism from media outlets and US lawmakers, Shein remains optimistic about its future prospects due to its ability to offer trendy, affordable fashion items quickly through e-commerce.