Shein raised a new funding round at a $66 billion valuation, about a third less than its previous valuation of $100 billion, The Wall Street Journal reported Wednesday. The $2 billion round was led by Sequoia Capital, General Atlantic and United Arab Emirates sovereign wealth fund Mubadala. The e-commerce giant, which offers shoppers a steady stream of cheap, trendy clothing, raked in $23...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
