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China’s Shein Valued at $100Bn in Funding Round – WSJ

China-based fast-fashion seller now worth more than H&M and Zara combined

Congress wants proof China retailer's clothes do not use cotton from forced labour in Xinjiang, before SEC allows any share listing in the US
US lawmakers want reassurance that Chinese fashion retailer's products do not use cotton from forced labour in Xinjiang. Previously, the company was hit with dozens of lawsuits in the US alleging copyright infringement. File photo: Reuters.

Fast-fashion retailer Shein was valued at $100 billion in a recent funding round, according to people familiar with the matter, making the China-based apparel seller one of the world’s most valuable private companies, The Wall Street Journal reported.

The funding round, which closed last week, raised between $1 billion and $2 billion for Shein, the people said. Private-equity firm General Atlantic participated in the funding round, which included prior Shein investors Tiger Global Management and Sequoia Capital China.

Read the full report: The Wall Street Journal


Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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