Shein Once Offered Google And Amazon To Buy A Stake

 

Shein is one of the fashion platform providers, allowing people to buy various clothes with the latest designs and fashion at very competitive prices compared to others.

Interestingly, according to the latest reports, it is said that Shein once offered to Amazon and Google to buy a stake in the company.

It is said that since Shein spends on the platform – including buying advertising on Google, in addition to buying cloud storage through Amazon or Google, it might make the two giants get a hold on Shein.

However, the idea did not work, when the two companies did not intend to get a stake in the Chinese firm.

Shein was previously said to be valued at around $64 billion earlier this year, marking a slight decline on a firm that was once valued at around $100 billion in 2022.