Shein is an online fast fashion company which was founded in 2008 by Chris Xu in China. The company describes itself as “an international B2C fast fashion e-commerce platform. Having customers in more than 150 countries, Shein is one of the biggest global players in the retail industry.
|Founded Date||October 2008|
|Crunchbase Profile||Profile Link|
|Platforms||Android, iOS, Web|
Shein User Statistics (2023)
+ SHEIN was the most downloaded app of 2022 in the shopping category worldwide, generating 229 million new installs across the App Store and Google Play.
+ First time ever in the second quarter of 2022, mobile app downloads of Shein in the United States surpassed Amazon’s. Shein accumulated 6.8 million installs, up 13% quarter-over-quarter, while Amazon saw 6.3 million, down 7%. (Sensor Tower)
+ In 2021, Shein generated 177.5 million worldwide app downloads across the App Store and Google Play. (Statista)
+ In 2021, Shein reached approximately 43.7 million users worldwide.
Shein Revenue Statistics (2022)
+ Shein annual revenue increased by 398% from 2019 to 2021 to $15.7 billion. It was 60% up from the company made in 2020.
+ According to sources familiar with the matter, Shein was valued at $100 billion in a funding round where it raised between $1 billion and $2 billion in April 2022. (Wall Street Journal)