Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing, Bloomberg News reported on Monday, citing people familiar with the matter.

Shein is working towards an initial public offering in London, but Donald Trump's decision to end the 'de minimis' duty-free provision for imports from China sparked concern.

Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing, Bloomberg News reported on Monday, citing people familiar with the matter. Its shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over the line,