Shein Investors Offload Stock at 30% Discount Amid Uncertainty

Shein’s Valuation Drops as Investors Sell Shares in Private Market

Investors of Chinese online retailer Shein are reportedly attempting to sell shares in the private market at a discounted price, lowering the company’s valuation. Bloomberg News reported that the shares are being valued as low as $45 billion, representing a decline of approximately 30% from its valuation just a month ago. According to sources, Shein was valued at $66 billion during a fundraising round in May. The company has not issued a response to these reports.