• About
  • Advertise
  • Careers
  • Write for us
  • Contact
  • Terms of service
Sunday, May 29, 2022
The Millennial Source
TMS
Home WORLD

Chinese e-commerce giant SHEIN in talks to raise funds at US$100 billion valuation

byThe Millennial Source
April 3, 2022
in WORLD
SHEIN

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

Share on FacebookShare on TwitterShare on Linkedin

There’s this Chinese e-commerce brand called SHEIN that focuses on selling really trendy outfits for women at very low prices. It’s come under scrutiny in the past for adding to the issues associated with fast fashion and was also at the forefront of the China-US trade war. But, according to recent anonymous reports, it’s about to raise US$1 billion with potential investors, which would push the company’s valuation to US$100 billion and make it the third-most valuable company in the world.

Last year, it beat Amazon to become the most downloaded shopping app in the US and has about 600,000 items stocked for its buyers, and it has some high-profile investors like Tiger Management. 

Key comments:

According to SHEIN, it reaches consumers across 150 countries and regions. “We place a premium on choice, delivering more than 6,000 new fashion, beauty and lifestyle products daily with more than 600,000 items available. Our mission is to help people express their individuality through the latest trends that are accessible and affordable,” writes the company. 

You drive the stories at TMS. DM us which headline you want us to explain, or email us.

Like TMS? Subscribe to our free daily newsletter

. . .

Related

Tags: BusinessChinastartups
ShareTweetShare

Latest Posts

China proposal

China proposes economic and security agreement to 10 Pacific nations

May 27, 2022
Cathay Pacific

Cathay Pacific seeks to rehire ex-staff as part of airline’s “anticipated recovery”

May 27, 2022
HSBC Indonesia

HSBC is said to be considering IPO of Indonesian business

May 27, 2022

Airbnb closing domestic operations in China to focus on outbound travel

May 24, 2022

Google to declare bankruptcy in Russia

May 19, 2022

The US SEC investigates Wall Street over use of unapproved messaging apps

May 19, 2022

China gives property-buying benefits to families with three children amid declining housing market and birth rates

May 18, 2022

India is banning wheat exports – here’s why that might be a big problem

May 17, 2022

After 30 years of business, McDonald’s leaves Russia for good

May 17, 2022

SUBSCRIBE TO THE TMS NEWSLETTER

By providing your email, you agree to our Privacy Policy

The Millennial Source Ltd. 2021

No Result
View All Result
  • Your daily briefing
  • About us
  • Explore
    • Startups
    • Climate change
    • Tech giants
    • Crypto
    • The future of work
    • Banking giants
    • Economy
  • Lifestyle
  • TMS archives
  • Write for us
  • Contact
  • Privacy Policy & Terms

© 2022 The Millennial Source Ltd.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

string(24) "jsonld single post debug"
The Millennial Source
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.