{"id":535392,"date":"2023-01-18T17:01:45","date_gmt":"2023-01-18T17:42:03","guid":{"rendered":"https:\/\/omni48.com\/?p=535392"},"modified":"2023-01-28T17:03:43","modified_gmt":"2023-01-28T17:03:43","slug":"fashion-retailer-shein-in-talks-to-raise-funds-at-lower-valuation-of-64-billion-ft","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/fashion-retailer-shein-in-talks-to-raise-funds-at-lower-valuation-of-64-billion-ft","title":{"rendered":"Fashion retailer Shein in talks to raise funds at lower valuation of $64 billion &#8211; FT"},"content":{"rendered":"<p>Jan 18 (Reuters) &#8211; Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday, citing people with knowledge of the negotiations. The latest valuation would be nearly 36% less than the $100 billion the company was reportedly valued at in a funding round last year. Big tech and growth stocks bore the brunt of a prolonged rout last year, worsened by aggressive interest rate hikes that sent the tech-heavy Nasdaq Composite index (.IXIC) down 33% in 2022. A selloff in global markets following Russia&#8217;s invasion of Ukraine and subsequent Western sanctions served as a final blow, prompting companies, including Shein, to put their U.S. listing plans on hold, Reuters reported last year. The online retailer is seeking to close a new fundraising round from existing investors including Abu Dhabi sovereign wealth fund Mubadala, venture capital group Sequoia China and private equity group General Atlantic,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jan 18 (Reuters) &#8211; Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday,<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,1],"tags":[],"class_list":["post-535392","post","type-post","status-publish","format-standard","hentry","category-markets","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/535392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=535392"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/535392\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=535392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=535392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=535392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}