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Shein’s $100 Billion Valuation Comes Under Pressure in Secondary Market

By
Juro Osawa
· · Source: Bloomberg

Investors looking to buy shares in Chinese online fashion retailer Shein in the secondary market are now placing bids that are about 30% below the $100 billion valuation the company had in its most recent funding round in April, Bloomberg reported. It’s unclear if any transactions took place at that price. But the lower bids come as the global economic slowdown and stock market rout over the...

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