Shein Revenue and User Statistics (2023)

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. 

Company Overview

Founded Date	October 2008
Founder	Chris Xu
Headquarter	Nanjing, China
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)