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Shein’s $100 Billion Value Would Top H&M and Zara Combined

  • Online Chinese retailer said to be in talks for funding round
  • Sales at Shein more than tripled in 2020 to $10 billion
Bloomberg business news
WATCH: Chinese e-commerce startup Shein may be weighing a $100 billion funding round. Fion Li reports.Source: Bloomberg
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A Chinese fast-fashion company without a global network of physical stores of its own is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA’s Zara.

Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out over 6,000 new items daily, is in talks with potential investors including General Atlantic for a funding round that could value the company at about $100 billion, Bloomberg News reported Sunday.