Fashion startup Shein raising funds at $100 bln value – Bloomberg News –

A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration

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April 3 (Reuters) – Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, Bloomberg reported on Sunday, citing people familiar with the matter.

The online retailer is in talks with potential investors to raise about $1 billion, the report added.

Shein’s plan to list in the United States was put on hold due to volatile capital markets amid Russia’s attack on Ukraine, according to sources. read more

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Reporting by Baranjot Kaur in Bengaluru; Editing by Stephen Coates

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