Shein Valued at $100 Billion in Funding Round

Fast-fashion retailer Shein was valued at $100 billion in a recent funding round, making the China-based apparel seller one of the world’s most valuable private companies

Fast-fashion retailer Shein was valued at $100 billion in a recent funding round, according to people familiar with the matter, making the China-based apparel seller one of the world’s most valuable private companies.

The funding round, which closed last week, raised between $1 billion and $2 billion for Shein, the people said. Private-equity firm General Atlantic participated in the funding round, which included prior Shein investors Tiger Global Management and Sequoia Capital China.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forex Today: WTI Crude Oil Back Below $100Crude Oil Continues to Fall from Recent Highs; RBA in Focus on Tomorrow\u2019s Report; Turkish Inflation Expected to Hit 20-Year High
Read more »

Breakingviews - China's fashion star has $100 bln yarn to spinChinese fast-fashion phenom Shein can grow into its $100 billion valuation. The secretive e-commerce company is planning to raise $1 billion in funding that could value it at more than Zara-owner Inditex and Swedish rival H&M combined, per Bloomberg. That needn't be a stretch.
Read more »

Breakingviews - China's fashion star has $100 bln yarn to spinChinese fast-fashion phenom Shein can grow into its $100 billion valuation. The secretive e-commerce company is planning to raise $1 billion in funding that could value it at more than Zara-owner Inditex and Swedish rival H&M combined, per Bloomberg. That needn't be a stretch.
Read more »

Lawmakers near finish line on spending unprecedented state and federal fundsThe bulk of the state’s federal money — $750 million — will go to cities, counties and rural water associations as matching money for water and sewer infrastructure projects. Meanwhile, a historic state budget is poised to pass in the next few hours.
Read more »