Sources: online fast fashion retailer Shein is in talks to raise up to $3B from Abu Dhabi’s Mubadala and others at a $64B valuation, down from its $100B peak (Financial Times)

Financial Times:
Sources: online fast fashion retailer Shein is in talks to raise up to $3B from Abu Dhabi’s Mubadala and others at a $64B valuation, down from its $100B peak  —  Chinese fast-fashion retailer looking to raise up to $3bn at a vastly reduced valuation in response to tech downturn