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China’s Shein files for US IPO in major test for investor appetite- sources

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China’s Shein files for US IPO in major test for investor appetite- sources

Shein yet to determine IPO size, valued at over $60 bln in May IPO comes amid challenging markets and U.S. scrutiny Fast-fashion retailers still behind Amazon on sales Nov 27 (Reuters) – Fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter said on Monday, in … Read more

ByteDance’s valuation slumps by a quarter in stock buyback – source

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ByteDance’s valuation slumps by a quarter in stock buyback – source

The ByteDance logo is seen at the company’s office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Oct 2 (Reuters) – China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year … Read more