Shein Said to Be Seeking New Round of Financing from Existing Investors, Valuation Adjusted Significantly

1月 19, 2023

The internet retailer Shein is seeking to close a new round of fundraising from existing investors, including Abu Dhabi sovereign wealth fund Mubadala, venture capital group Sequoia China and private equity group General Atlantic, according to people with knowledge of the negotiations. Shein seeks to raise between $1.5bn-$3bn in the new round that is expected to close in the coming months.
The three investors were also involved in Shein’s last fundraising round in April, which valued the group at just above $100bn. That made it the world’s third most-valuable private compa …