Shein Pushes for $100 Billion Value That Would Top H&M and Zara Combined

Since its launch in 2012, Shein has developed an extensive network of low-cost suppliers in southern China.

(Bloomberg) — A Chinese fast-fashion company without its own global network of physical stores is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA’s Zara.

Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out more than 6,000 new items daily, is in talks with potential investors including General Atlantic for a funding round that could value the company at about $100 billion, Bloomberg News reported Sunday.