Shein Revenue Neared $10 Billion in Quarter Before Tariffs

Shein Group Ltd.’s net income rose to over $400 million and revenue was almost $10 billion in the first quarter as consumers snapped up the fast-fashion retailer’s products ahead of US tariffs, according to people familiar with the matter.

The performance helped lift the company’s profit margin to about 5%, the people said, asking not to be identified because the figures were disclosed confidentially.