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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 ... fashion giants like Shein and Temu, which have made a name for themselves chasing ... net worth of $5.9 billion with ...
After PDD Holdings tanked in August, Huang’s net worth plummeted a staggering $14.1 billion to $33.5 billion, the Bloomberg Billionaires Index shows. As of Dec. 11, he was worth $36.8 billion ...
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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.
Tang advised an arm of the CITIC Group during its $1.15 billion acquisition of Nations Energy in Kazakhstan. [10] He led the Bear Stearns team representing Hunan Valin Group, a Chinese steel company, when it sold a 37 percent stake to Mittal Steel (now ArcelorMittal) in what was then the largest acquisition by an international strategic ...