Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ

1 week ago 19

1 minute readMay 17, 20239:37 AM UTCLast Updated ago

A Shein logo is pictured at the company's office in the central business district of Singapore

A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin

May 17 (Reuters) - 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.

Reporting by Sheena K Thomas

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