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Shein's IPO valuation plunged from $100 billion to $27 billion. Is the "golden age" of cross-border e-commerce fast fashion over?

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Shein 上市估值从 1000 亿缩水到 270 亿美元，跨境电商快时尚的「黄金时代」是不是过去了？

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Zhihu Hot ListLast observed #5 · 2M heat

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Ranking history & source details

First recorded Aug 25, 2026, 8:44 PM CST · latest Aug 25, 2026, 8:44 PM CST. Ranks reflect attention on each platform.

Retained daily observations
Day	Platform	Best rank	Last rank
2026-08-25	Zhihu Hot List	#5	#5