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Fashion startup Shein raising funds at US$100 billion value: Report

Fashion startup Shein raising funds at US$100 billion value: Report

A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken on Oct 13, 2020. (Photo: Reuters/Dado Ruvic)

Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about US$100 billion, Bloomberg reported on Sunday (Apr 3), citing people familiar with the matter.

The online retailer is in talks with potential investors to raise about US$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.

Source: Reuters/aj

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