Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Shein
Global investment

Chinese retailer Shein plans to raise $1 billion

05.07.2022
2 min read

Online store Shein wants to strengthen its position in the U.S. market

The Chinese online retailer intends to raise $1 billion, for which it is negotiating with a number of investors, including General Atlantic. Right now, the online retailer’s valuation is $100 billion, and after the deal, it could grow twice as much.
The pandemic has been an ideal time for the growth of online businesses, a prime example is the Shein store in China, where sales more than tripled in 2020. The retailer was able to generate $10 billion in revenue then, and in 2021 that amount reached the nearly $16 billion mark.
Shein has now set a goal of expanding its position in the U.S. market. In addition, the company plans to locate its distribution complex in the state of Indiana. The latter will be able to employ about 850 people. Another idea of Shein is to launch its own program at the local university, which involves scholarships for gifted students.
At the beginning of the year, representatives of the retailer talked about plans for an IPO, which was to take place on the exchange in New York. To do so, Shein’s founder was willing to change citizenship, which would allow the company to bypass restrictions from the authorities that prohibit Chinese companies from listing outside the country.The Chinese store SheinAccording to Reuters, Shein has hired several companies to accompany the retailer through the process of going public. Among them are JPMorgan and Bank of America. Shein representatives talked about plans for an IPO two years ago, but then the trade war between the U.S. and China reached its peak and the deal had to be postponed. Despite statements from many experts, the online retailer has not commented on preparations for the listing. The company also has not disclosed its financial figures.
Shein went public in May 2021, when the store’s app became the most downloaded app on the App Store and Google Play platforms. Before that, the most popular app was Amazon.
Shein’s main peculiarity is flexibility and quick reaction to trends. The company’s analysts track demand and use it to form the supply. The production cycle is very short and takes a week. For comparison, at Zara, the release of new products takes 2 weeks.
Shein has its own business model based on artificial intelligence. This technology analyzes user requests in the app and already on the basis of this information forms the issue of new products and their quantity. In addition, the system helps suppliers find the necessary raw materials at the best prices and also provides a broad base of ideas for designers. And the goods are produced in small batches, which reduces the company’s losses if the goods are not in demand.

Tags: Global investment
0
Previous Post European Stock Exchanges are reacting sharply to the rise in inflation Next Post Types of moving averages: indicator functions and its usefulness for traders

You Might Also Like

Brookfield
Global investment
Brookfield and Closed Loop create the largest recycling company in the U.S.
30.01.2023
Hungary plans to increase electricity storage
Global investment
Hungary plans to increase electricity storage by 2030
25.10.2022
Nayara
Global investment
Part of Indian company Nayara Energy wants to buy Shell Corporation from USA
21.04.2021
Zoox
Global investment
Amazon Corporation bought startup Zoox
12.03.2021
Skolkovo Ventures
Global investment
The Skolkovo Ventures investment platform will finance technology companies by 2.5 billion rubles
31.01.2021
SpaceX
Global investment
SpaceX received investments for the development of its projects
30.08.2022

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics