Shein's approval rating falls by 78%.

The valuation of the fast-fashion platform Shein has experienced a significant decline, currently estimated between 22,000 and 25,000 million dollars. This figure represents a drop of up to 78% compared to the company's peak valuation recorded in 2022.

This adjustment in market value occurs as the company prepares for an anticipated initial public offering. The current valuation reflects the platform's present financial standing and business performance leading up to its market debut.