(Reuters) – Chinese language quick style e-commerce startup Shein is weighing a funding spherical at a valuation of about $100 billion, Bloomberg reported on Sunday, citing folks conversant in the matter.
The on-line retailer is in talks with potential buyers to boost about $1 billion, the report added.
Shein’s plan to listing in the US was placed on maintain as a result of risky capital markets amid Russia’s assault on Ukraine, based on sources.
(This story corrects spelling of title within the slug, no change to textual content)
(Reporting by Baranjot Kaur in Bengaluru; Modifying by Stephen Coates)
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