Shein Senior Vice President of investment department Poppy Bao (L) and Shein Chief Financial Officer Leigh Gui (R) attend Shein Global Holdings Limited's initial public offering (IPO) listing ceremony at the Hong Kong Stock Exchange in Hong Kong on September 1, 2026. (Photo by Leung Man Hei / AFP via Getty Images)

Shein Chief Financial Officer Leigh Gui (R) receives a commemorative plaque during Shein Global Holdings Limited's initial public offering (IPO) listing ceremony at the Hong Kong Stock Exchange in Hong Kong on September 1, 2026. (Photo by Leung Man Hei / AFP via Getty Images)

Shein Chief Financial Officer Leigh Gui delivers a speech during the company's initial public offering (IPO) listing ceremony at the Hong Kong Stock Exchange in Hong Kong on September 1, 2026. (Photo by Leung Man Hei / AFP via Getty Images)

Nemo Farber, Chief Manufacturing Officer of Tytan Technologies is pictured during an interview in Munich, on August 12, 2026. Munich is booming as a hub for young defence tech firms making everything from AI-powered drones to cutting-edge military software as Europe rearms to face an increasingly dangerous world. (Photo by Karl-Josef Hildenbrand / AFP via Getty Images)

A Vector drone is assembled at the Quantum Systems production facility in Gilching near Munich on August 12, 2026. Munich is booming as a hub for young defence tech firms making everything from AI-powered drones to cutting-edge military software as Europe rearms to face an increasingly dangerous world. (Photo by Karl-Josef Hildenbrand / AFP via Getty Images)

A Vector drone is pictured at Quantum Systems production facility in Gilching near Munich on August 12, 2026. Munich is booming as a hub for young defence tech firms making everything from AI-powered drones to cutting-edge military software as Europe rearms to face an increasingly dangerous world. (Photo by Karl-Josef Hildenbrand / AFP via Getty Images)

A Vector drone is assembled at the Quantum Systems production facility in Gilching near Munich on August 12, 2026. Munich is booming as a hub for young defence tech firms making everything from AI-powered drones to cutting-edge military software as Europe rearms to face an increasingly dangerous world. (Photo by Karl-Josef Hildenbrand / AFP via Getty Images)

Parts for Vector drones are pictured at the Quantum Systems production facility in Gilching near Munich on August 12, 2026. Munich is booming as a hub for young defence tech firms making everything from AI-powered drones to cutting-edge military software as Europe rearms to face an increasingly dangerous world. (Photo by Karl-Josef Hildenbrand / AFP via Getty Images)