Media: SHEIN's profit doubled last year, approaching nearly $2 billion
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SHEIN's profit doubled last year, reaching nearly USD 2 billion, with a total merchandise transaction volume on the website of about USD 45 billion. SHEIN is a fast-fashion cross-border e-commerce company, headquartered in Singapore. The company was founded in China and has over a dozen subsidiaries in mainland China, with over 10,000 employees. SHEIN's founder is Xu Yangtian, holding 37% of the company's shares. The latest round of financing valued SHEIN at over USD 60 billion
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