Shein

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bdjakaria76
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Joined: Thu May 22, 2025 6:00 am

Shein

Post by bdjakaria76 »

Shein is a Chinese online retailer, recognized as one of the world's largest online clothing distribution companies. The service gained popularity due to the low prices on the products it sells.

Now on Shein you can buy not only clothes, shoes and accessories, but also household and pet products, cosmetics, electronics, etc. The platform also manufactures and sells products under its own brand.

Founded in 2008 by Chris Xu, Shein initially focused solely on the US market, offering wedding dresses to customers. Today, the platform is available in 220 countries and is the second phone number list most popular online store among teenagers.

The company’s revenue in 2020 was $10 billion, up 250% from 2019 and at least double the revenue of other major online retailers such as Asos and Boohoo over the same period. In 2021, revenue rose to $15.7 billion. The company itself is valued at $50 billion.

Reuters, citing sources, reported that the founders plan to hold an IPO for Shein in 2022. A serious problem could be the Chinese authorities' ban on listing on US stock exchanges. According to Reuters, Chris Xu may even obtain Singapore citizenship for the initial public offering of his company.
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