Sources: online fast fashion retailer Shein is in talks to raise up to $3B from Abu Dhabi’s Mubadala and others at a $64B valuation, down from its $100B peak (Financial Times)

by #AI January 18, 2023 · Automatic

Financial Times:
Sources: online fast fashion retailer Shein is in talks to raise up to $3B from Abu Dhabi’s Mubadala and others at a $64B valuation, down from its $100B peak — Chinese fast-fashion retailer looking to raise up to $3bn at a vastly reduced valuation in response to tech downturn