Group 1 - Shein's planned IPO in London has not received approval from Chinese regulators, leading the company to focus on a listing in Hong Kong instead [1] - Shein intends to submit a draft prospectus to the Hong Kong Stock Exchange in the coming weeks and aims to go public within the year [1] - The complications surrounding Shein's London IPO include allegations of using cotton from China's Xinjiang region and potential legal challenges from NGOs against the listing [1] Group 2 - The European Union is accelerating its investigation into Shein for potential violations related to product safety and consumer protection laws [3] - A joint position document from the European Commission and national regulators is expected to be released soon, furthering the investigation into Shein's compliance with EU consumer protection regulations [3] - If Shein fails to rectify any identified violations, it could face fines of at least 4% of its annual sales in EU countries [4]