If Shein appraisal is accurate, it might be worth as much as $100 billion, according to individuals who are familiar with the situation.
By requesting anonymity, sources say that Amazon.com is in negotiations with possible investors to fund up to $1 billion.
In response to media inquiries about its fundraising efforts and potential IPO plans in May of last year, Shein issued a statement stating that it was valued at several billion dollars and had no immediate plans to go public.
Details including the amount of money to be raised and the value are still under discussion, according to the persons familiar with the situation. Requests for feedback made outside of usual business hours went unanswered.
Supply chain knowledge, data-driven apparel design, and tax loopholes in the U.S. and China helped Shein become a juggernaut throughout the current trade war. App downloads at US retail outlets have overtaken Amazon.com Inc. for the first time.
Press releases indicate that the corporation has offices in Guangzhou, Singapore, and LA.
For clients in more than 150 countries, it has a product selection of more than 600,000 goods. Tiger Global Management, IDG, and Sequoia are among the company’s investors.
Published by : Aditya Andharia
Edited By : Kritika Kashyap
