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Fashion Startup Shein Raising Funds at $100 Billion Value

  • Chinese e-commerce firm in talks to raise $1 billion
  • Existing investors include Tiger Global, IDG, Sequoia
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WATCH: Chinese e-commerce startup Shein may be weighing a $100 billion funding round. Fion Li reports.Source: Bloomberg
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Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, according to people familiar with the matter.

The online retailer is in talks with potential investors including General Atlantic to raise about $1 billion, the people said, asking not to be identified as the information is private. Achieving the $100 billion mark would make it the third most valuable startup in the world, after ByteDance Ltd. and SpaceX, according to data provider CB Insights.