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Shein, originally named ZZKKO, was founded in China in 2008 by entrepreneur and search engine optimization (SEO) marketing specialist Chris Xu (Xu Yangtian). [11] [5] [12] Information on Xu's educational and career background remains elusive as of 2022, with sources conflicting on details of his biography.
The e-commerce platform known for jaw-dropping outfit prices and savvy TikTok marketing is seeking $3 billion at a valuation of $64 billion, down from the $100 billion price tag in April ...
Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public ...
Shein knows investors around the world are increasingly focusing on ESG, so to prepare for a public listing down the road, it needs an ethical makeover. As part of its responsible sourcing ...
Shein is hunting down a $90 billion valuation, IPO approval—and Amazon’s online retail stronghold. E-commerce is witnessing the Amazon-ification of Shein, as the fast-fashion behemoth woos ...
The Shein business model revolves around low-cost, throwaway items that are constantly being marked down, with roughly 10,000 new products released per day. Its entire premise is based on fashion ...
China’s Black Lake raises $77M to give factories a digital upgrade. On May 11, Shein became the top shopping app on Android by new downloads in the U.S., and six days later took the top spot on ...
A Shein spokesperson told TechCrunch that founder Chris Xu came up with Shein’s business model in 2015 during a stay in Los Angeles. However, six people with knowledge of the industry told ...