Fashion startup Shein raising funds at $100 billion value, Bloomberg reports - Reuters

stratupnation.blogspot.com

A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration

Register now for FREE unlimited access to Reuters.com

April 3 (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. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Baranjot Kaur in Bengaluru; Editing by Stephen Coates

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)

"Startup" - Google News
April 03, 2022 at 03:21PM
https://ift.tt/RP3QWZb

Fashion startup Shein raising funds at $100 billion value, Bloomberg reports - Reuters
"Startup" - Google News
https://ift.tt/IXGqLbf
https://ift.tt/k0lhuyJ