Chinese Fashion retailer Shein looks to raise funds at lower valuation of $64b: report

Chinese Fashion retailer Shein looks to raise funds at lower valuation of $64b: report

FILE PHOTO: A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration

Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday, citing people with knowledge of the negotiations.