Fashion Giant Shein Raises $2 Billion but Lowers Valuation by a Third |
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Fashion Giant Shein Raises $2 Billion but Lowers Valuation by a Third
By Jing YangUpdated May 18, 2023 12:13 am ET Shein had a meteoric rise during the Covid-19 pandemic with its cheap, trendy clothes sold through an easy-to-use app. Photo: christophe archambault/Agence France-Presse/Getty ImagesHONG KONG—Shein, the online fashion company that won over millions of American shoppers during the pandemic, raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, according to people close to the company. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8  Continue reading your article witha WSJ subscription Subscribe NowAlready a subscriber? Sign In Sponsored OffersTurboTax: Save up to $15 with TurboTax coupon May 2023The Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: 15% Off DIY Online Tax Filing Services | H&R Block CouponTop Resume: 10% TopResume Discount Code for expert resume-writing serviceseBay: 30% off eBay couponGroupon: Exclusive: 30% OFF Groupon Promo Code |
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