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What Shein’s Lower Valuation Means for the Future of Fast Fashion

The fast fashion retailer’s down round this week reflects new pressures from rivals and regulators. But the e-commerce giant is reportedly aiming for another year of explosive growth on its way to a potential IPO.
Shein.
Shein raised $2 billion at a $66 billion valuation, down one-third from its last funding round. (Getty Images)

This week, Shein, the Chinese fast-fashion phenomenon that has rapidly emerged as a dominant force in the space, raised $2 billion at a $66 billion valuation, down one-third from its last funding round, according to

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