// Shein has achieved a valuation of $100 billion following a successful investment round
// The new valuation surpasses the combined value of both Inditex and H&M
Shein, the online only Chinese fast-fashion retailer, has achieved a valuation of £76.5 billion ($100 billion) following a successful investment round.
The new valuation surpasses the combined value of the two biggest retailers in the world – Zara owner Inditex and H&M with £52 billion and £15 billion valuations respectively.
It also demonstrates the retailer’s stellar growth over the course of two years when it was only valued at £11.5 billion.
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Founded in 2008, Shein rose to success selling inexpensive clothes and lifestyle items, with more than 2,000 new styles added daily.
It operates on an on-demand business model, which means clothing items are released in small batches and are only mass-produced if they become hits.
The valuation follows Shein’s latest round of fundraising, which closed last week, when it raised between £765 million and £1.5 billion from investors including General Atlantic, Tiger Global Management and Sequoia Capital China.
Last year, it also overtook Amazon to become the most downloaded shopping app in the US.
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