Fashion giant Shein raises $2 Billion but lowers valuation by a third

Fashion giant Shein raises $2 Billion but lowers valuation by a third

Update: 2023-05-17 15:20 GMT

Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street Journal reported on Wednesday, citing people close to the company.

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