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
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