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HomeBusinessChinese fashion retailer Shein eyes a $90 billion valuation in its U.S....

Chinese fashion retailer Shein eyes a $90 billion valuation in its U.S. initial public offering,

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SHEIN TOKYO
According to Bloomberg News, the major international e-commerce fashion business Shein is reportedly aiming for an extraordinary $90 billion value in its upcoming initial public offering (IPO), which is causing waves in the financial industry. Investors and industry insiders are taking notice of this daring move, which marks a significant turning point for the fast-fashion firm that has reinvented itself.
Shein, which is well-known for its fashionable yet fairly priced clothing, was founded in 2008 and has since gone to the top of the worldwide online fashion shop rankings. With a broad product range ranging from clothing to accessories and a focus on direct-to-consumer sales and quick production cycles, Shein has built up a substantial global customer base.
 Businessman Chris Xu founded Shein as ZZKKO in Nanjing, China, and it grew to become the largest fashion retailer in the world by 2022.
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The $90 billion valuation proposed in the initial public offering of the company is indicative of its exceptional growth trajectory and expanding influence within the fashion sector. However, it also happens during a time when the e-commerce industry is seeing intense competition for market share, with titans like Amazon and Alibaba vying for supremacy.
The main factors contributing to Shein’s success have been its ability to adapt quickly to changing customer preferences and its proficiency with data-driven insights. Apart from offering a substantial financial boost to the company for its growth goals, the initial public offering (IPO) will offer investors an exclusive opportunity to partake in the rapidly growing online fashion industry.
Temu, a rival and recently established online marketplace run by China’s PDD, is a danger because of rivalry, environmentalist criticism, and copyright infringement lawsuits, despite being applauded for the inventiveness of its e-commerce concept.
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The disputes pertaining to Shein’s supply chain practices would likely make it more challenging for the business to pursue a smooth US IPO. In 2021, the US passed a law that forbade the import of goods from Xinjiang, the region where Chinese officials claim Uyghurs are mistreated, unless importers could show proof that no forced labour was occurring. Even though Shein has consistently denied having suppliers in Xinjiang, the company has been accused of sourcing cotton from the province.
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