HomeEconomicChinese fast fashion group Shein accepts discount financing

Chinese fast fashion group Shein accepts discount financing

Arsh Masudi, Christina Criddle, and Iwan Levinston, Davos, London

Chinese fast-fashion group Shein is in talks to raise as much as $3 billion, a move that would allow Shein to accept a sharp drop in its valuation to $64 billion, down more than a third from its peak. The economic downturn has previously led investors to reassess the inflated valuations of tech startups.

The internet retailer is seeking a fresh round of financing from existing investors, including Abu Dhabi sovereign wealth fund Mubadala, venture capital group Sequoia China (Sequoi…

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