The Strategist

China's Shein ponders investment round at $100B valuation

04/04/2022 - 11:30

Chinese online clothing retailer Shein is preparing for an investment round in which the company could be valued at $100 billion, Bloomberg reported citing knowledgeable sources.

According to them, Shein is already in talks with potential investors and expects to attract about $1 billion. The agency's interlocutors noted that discussions will continue, so the planned amount of funds raised and the valuation of the company may change.

Shein has offices in Guangzhou, Singapore and Los Angeles. The company's existing investors include Tiger Global, IDG and Sequoia. Shein has more than 600,000 items on its platform, which the company delivers to customers in 150 countries.

In January, Reuters cited sources as saying that Shein had revisited plans to hold an IPO in New York in 2022 and that the company's founder was even considering a citizenship change to get around China's strict rules for overseas IPOs. However, a representative of Shein later said that the retailer has no plans to go public, notes Bloomberg.