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SHEIN VALUATION DROP
Shein's annual profit down by more than a third: reportShein's sales for the full year rose by 19% to $38 billion, the report said, adding that the figures were from internal projections ahead o...- Reliance 47th AGM 2024: Here is the full speech by Mukesh Ambani, Akash Ambani, Isha Ambani and otherReliance Industries' 47th AGM revealed major updates including bonus shares and the expansion of Jio and Reliance Retail. Chairman Mukesh A...
- Shein backers offer to sell at 30% discount as IPO prospects dimShein investors are trying to sell shares in private market deals that value the online fashion giant at as low as $45 billion, reflecting ...
- China's Shein files for US IPO in major test for investor appetite: ReportGoldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering (IPO), and Singapore-b...
- How China's Shein became a fast-fashion giantShein uses an on-demand manufacturing system that allows it to quickly boost the production of popular items and drop products that do not ...
- China's fast-fashion retailer Shein files for US IPO - sourcesGoldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime i...
- Shein targets up to $90 billion valuation in US IPOIn private trades, Shein’s valuation has dropped below the $66 billion it got in a funding round in May, the people said. Stakes that have ...
- US-based VC firm Thrive Capital to lead OpenAI’s share sale at $80-billion-plus valuation: reportThis is not the first instance where Thrive, founded by Josh Kushner, will be buying employees’ shares from OpenAI. In April, OpenAI sold s...
- Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better marginsIndian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. Th...
- ETtech Unwrapped: Gig workers versus Blinkit, and other top stories this weekEven for Blinkit, the change in payout structure was the straw that broke the camel’s back with delivery executives telling us that they ha...
- Don't miss these ETtech exclusives from this weekHere’s a list of our scoops, exclusives and news that matters from across the startup and technology sector.
- China's Shein set to raise $2 billion, eyes US IPO later this yearSHEIN cut its valuation to $64 billion in this fundraising, down by a third from a funding round a year ago, according to six sources with ...
- Asian unicorns are trading 40% cheaper in private marketsThe affected billion-dollar companies range from financial technology and e-commerce to mobility and consumer, according to AJ Patel, a sen...
- Zomato stock tanks 11% as lock-in expires; Honor pulls India teamOn Monday, Zomato’s shares plunged more than 11%, dragging its market cap below its last private valuation.
- Shein private bids imply $30 billion-valuation drop since April, sources sayAs part of its latest fundraising round earlier this year, Shein told existing investors that it hopes to have an IPO in the US as soon as ...
- Flipkart’s priorities in 2022; crypto firms seek tax clarityFlipkart will put diversification on hold and focus on key verticals like grocery, hyperlocal deliveries and value-focussed ecommerce this ...
- Unnamed firm could be worth $100M; crypto predictions for 2022A company that's still at the idea stage—and doesn’t yet have a name—could soon be valued at $100 million. Is 2022 going to be even crazier...
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