The fast-fashion giant hoped to have a splashy U.S. public offering this year. WSJ's Shen Lu explains how the divide between Beijing and Washington got in the way.

Further Reading:

- Shein Promised to Have a Big U.S. IPO. Its China Roots Got in the Way. 

- Fast-Fashion Giant Shein Files to Go Public 

Further Listening:

- Shein Took Over Fast Fashion. Then Came the Backlash. 

- The Mysterious CEO Leading Shein to an IPO 

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