China-founded e-commerce platform Shein is reportedly looking to go public in Hong Kong rather than London as its U.K. initial public offering plan has stalled.

According to Reuters, citing three sources with knowledge of the matter, the fast-fashion company is aiming to list in Hong Kong, as its London IPO plan has yet to receive Chinese regulatory approval. The report said༒ the company is planning to file a draft prospectus with Hong Kong’s stock exchange “in the coming weeks” and would list “within the year.”

Shein didn't immediately respond to a request for comment. Hong Kong's stock exchange declined to comment.

The Wall Street Journal had reported last year that Shein had pulled plans to list in the U.S. after the Securities and Exchange Commission asked the online retailer to file for an IPO publicly. The fast-fashion company then shifted its listing venue to London, the report said.

The reported refocus by the online fast-fashion retailer to Hong Kong comes just 澳洲幸运5官方开奖结果体彩网:days after Chinese electric-vehicle battery maker C♌ontempo♔rary Amperex Technology Co., or CATL, had a blockbuster debut in the Chinese city.

Shares of CATL soared in their Hong Kong trading debut last week after the company raised more than $4.5 billion in the world's largest listing this year.