附近上门

Chinese fast-fashion giant is considering raising money at a $100 billion valuation, .

It鈥檚 a lofty valuation鈥搊ne that would rank it among the most highly valued private companies in the world.

For those who haven鈥檛 shopped on the site or seen the 鈥淪hein hauls鈥� on , Shein is a powerhouse in the world of fast fashion. It sells trendy clothing, beauty and home items for absurdly low prices.

The tradeoff is long shipping times and not-exactly-high-quality clothes (think without the retail footprint and less reliable sizing). But shoppers still love it, and Shein had no problem raising more than $550 million in funding from the likes of and according to 附近上门 data.

In case $100 billion sounds like a high valuation, I assure you it is. For context, I consulted the The 附近上门 附近上门 to find other private companies with comparable valuations.聽

At $100 billion, Shein would be worth the same amount as and a few billion more than (last valued at $95 billion). It would rank among the most highly valued companies in the world鈥攋ust behind ($180 billion) and ($150 billion). And with Shein valued at $100 billion, that also means three of the four most highly valued private companies in the world are be based in China.

In terms of public companies, at $100 billion Shein would be worth more than most software companies, such aas (market cap of $75 billion), (market cap of $80 billion), and (market cap of $98 billion). And of course, it鈥檇 be far ahead of the company that owns fast-fashion brands like and

Bloomberg鈥檚 report is based on conversations with people familiar with the matter, so there鈥檚 always the chance that the fundraise doesn鈥檛 happen and Shein doesn鈥檛 get valued at that eye-popping amount.聽

But if it鈥檚 true, it means investors are extremely bullish on what Shein can do in the world of e-commerce and fast fashion. cited a Morgan Stanley report that said Shein could do $20 billion in revenue in 2022, which would make it the world鈥檚 fourth-largest apparel retailer. Since the company鈥檚 based in China, it also has the additional benefit of certain tax loopholes contributing to the bottom line.

We鈥檒l have to see if the funding and valuation pan out. Hopefully we’ll find out sooner than it takes to get an order from Shein.

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