According to sources, cross-border fashion e-commerce giants SHEIN is negotiating with investors to obtain $ 100 billion in financing. The financing will make the valuation of this giant reach around $ 10 billion. The company’s last round of financing was completed in 2020, the valuation of $ 15 billion. SHEIN’s investors include Jafco Asia, IDG Capital, Greenwoods Asset Management, Sequoia Capital, Tiger Global, and Change Capital.
In May 2021, responding to the rumors listed on the New York Stock Exchange, Shein said there is no short-term listed plan. In January this year, there is a rumor that the company will make public offerings (OPV), and the founder Chris Xu is seeking to change its nationality to the United States to go successfully.
After a month, Shein denied these rumors, explaining that it is said that it will be postponed by the market in the US war in the Ukrainian war. Since 2012, the company has been 100%, the company has increased the fastest year in 2020. Shein is currently one of the largest fashion retailers in the United States, with 28% of market share. This year, the company is expected to be the world’s largest fashion distribution brand.
Post time: Apr-07-2022