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Fashion Startup Shein Raising Funds at $100 bln Value

Fashion Startup Shein Raising Funds at $100 bln Value

Sunday, 3 April, 2022 - 09:00
A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. (Reuters)

Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, Bloomberg reported on Sunday, citing people familiar with the matter.


The online retailer is in talks with potential investors to raise about $1 billion, the report added.


Shein's plan to list in the United States was put on hold due to volatile capital markets amid Russia's attack on Ukraine, according to sources.


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