Fashion giant Shein raises $2b but valuation slashed by a third: WSJ

Fashion giant Shein raises $2b but valuation slashed by a third: WSJ

FILE PHOTO: A Shein logo is pictured at the company’s office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin/File Photo

Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street Journal reported on Wednesday, citing people close to the company.

Reuters

Go to Source