Chinese fast-fashion company Shein blows past H&M and Zara with US$100 billion value, ranking it among world’s most valuable start-ups


Source: scmp.com scmp.com

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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 (H&M) and Inditex’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 US$100 billion, Bloomberg News reported Sunday. Should Shein succeed with the round, it would make the decade-old brand about twice as valuable as Tokyo-based Fast...