Shein lowers valuation after raising $2 billion in funding round
May 17, 2023
Shein has been valued at $66 billion, about a third less than a year ago, after raising $2 billion in its latest fundraising round. The online fashion retailer generated $23 billion in sales last year.
Recent News
Amazon Broadens Same-Day Pharmacy Delivery Service to New York City and Los Angeles
Amazon is looking to make prescription delivery as seamless as possible for customers in New York City and Los Angeles by adding them to the list of cities where it provides same-day pharmacy deliveries.
Fashion Enthusiasts Seek Algorithm-Free Shopping Inspiration on Substack
Substack, an online platform that provides publishing, payment, analytics, and design infrastructure to support subscription newsletters, has become the go-to destination for young fashion enthusiasts wanting to escape algorithms.
Mike Lindell’s MyPillow Evicted From Warehouse After Falling $200K Behind on Rent
The entrepreneur must vacate the property located in Shakopee, Minnesota.
Mega Millions Has a $1.13B Jackpot Winner From New Jersey
One winning ticket was sold for the Mega Millions $1.13 billion jackpot in New Jersey.