Highest valued e-commerce startup companies in China 2022
SHEIN, an online fashion platform founded in Nanjing in 2008, is the highest valued e-commerce and direct-to-consumer unicorn in China. As of October 2022, the company's value was estimated at 100 billion U.S. dollars. Along with Xiaohongshu, Xingsheng Selected, and Chehaoduo, they are the only Chinese e-commerce startups that have achieved 'decacorn' status, i.e. unicorns worth 10 billion dollars or more.