Fashion startup Shein raising funds at $100 bln value – Bloomberg News https://t.co/nmgMCKyi2s pic.twitter.com/PrdLOG761M
— Reuters (@Reuters) April 3, 2022
Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, according to people familiar with the matter.
The online retailer is in discussion with potential investors including General Atlantic to raise about $1 billion, the people said, asking not to be identified as the information is private. Achieving the $100 billion mark would make it the third most valuable startup in the world, after ByteDance Ltd. and SpaceX, according to data provider CB Insights.
Shein responded last May to media reports on its fundraising and whether it would go public, saying in a statement that it was valued at several billion dollars and it had no plan for an initial public offering in the short term.
