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The news said that China's cross-border e-commerce shein sprints a billion dollar valuation

via:新浪科技     time:2022/4/4 23:02:39     readed:305

According to informed sources, China's cross-border fashion e-commerce Shein, who focuses on overseas markets is considering a new round of financing, and the target is valued about $ 100 billion.

According to sources, this online retailer is negotiating with potential investors and hopes to raise about $ 1 billion. Due to information confidential, they are not named. These insultiers said that there is still possible to change the details, financing scale and valuation.

Last May last year, Shein responded to the media on its financing and whether it was listed in a statement, called its estimate of billions of dollars, and there is no first public offer (IPO) plan in the short term.

Last year, Shein had more than Amazon's shopping. According to a recent press release, the company has business in Guangzhou, Singapore and Los Angeles, providing more than 600,000 products for customers in more than 150 countries. Investors of this startup include Tiger Global Management Corporation, IDG and Sequoia Capital.

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