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In 2015, Xu moved his company's headquarters from Nanjing to Guangzhou and subsequently rose to become a global brand. In February 2022, Xu moved to Singapore according to reports, where Shein also moved its legal headquarters to. In the same year, Shein reached a valuation of $100 billion. [3]
The company was valued at $100 billion. [19] In October 2022, The Wall Street Journal reported that Shein generated US$24 billion in revenue in 2022, becoming almost as large as traditional fast fashion brands such as Zara and H&M. [7] Its other competitors include ASOS, Fashion Nova, Forever 21, PrettyLittleThing, Temu, and Topshop. [20]
The company informed investors last month that it aims for a valuation in the range of $80 million to $90 billion, according to Bloomberg. Shein will privately work with the U.S. Securities and ...
Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant. ... the company’s cofounders ...
The stock market debut could make Shein the most valuable Chinese company to go public in the United States since ride-hailing giant Didi Global listed in New York in 2021 at a $68 billion valuation.
In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more. Notable lists of unicorn companies are maintained by The Wall Street Journal , [ 1 ] Fortune Magazine , [ 2 ] CNNMoney / CB Insights , [ 3 ] [ 4 ] TechCrunch , [ 5 ] PitchBook/Morningstar, [ 6 ] and Tech in Asia .
The hearing came amid reports that Shein, which was founded in China but is now based in Singapore, is preparing for a 50 billion-pound ($62 billion) listing on the London Stock Exchange in the ...
In its latest private fundraising, Shein had a valuation of $66 billion; some analysts think an LSE offering could rake in $5 billion to $10 billion, which could make it the second-largest in the ...