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With earnings at 2B and an IPO price around 50B it would make it one of the most interesting/attractive tech IPOs of the year. Edit: A bit about why Shein is s

With earnings at 2B and an IPO price around 50B it would make it one of the most interesting/attractive tech IPOs of the year. Edit: A bit about why Shein is special and what makes it "tech": https://sourcingjournal.com/topics/logistics/shein-supply-chain-as-a-service-small-batch-on-demand-manufacturing-brands-designers-ipo-fast-fashion-production-500924/ https://sourcingjournal.com/topics/logistics/shein-supply-ch... Shein May Open Up ‘Supply Chain As a Service’ to Brands and Designers ... The small-batch, on-demand manufacturing model has been the bread and butter for Shein’s rapid growth, with the e-commerce retailer reportedly making more than $30 billion in revenue in 2023. Partnering with roughly 5,400 third-party contract manufacturers in China, Shein can churn out tens of thousands of new styles daily. The company places orders to suppliers to be delivered in days, shipping roughly 5,000 metric tons of goods via air freight per day, according to data from Cargo Facts Consulting. The fashion firm also leverages real-time data to quickly analyze demand and replenishes orders as needed, while also allowing it to quickly boost production of popular items and drop products that do not sell as expected. Using this data, Shein can reduce storage costs and limit inventory waste—further allowing the company to maintain low prices in the form of $10 dresses and $5 shirts.

sarusso 2y ago
And probably one of the most unsustainable ones, given the nature of their business…
- CaptainOfCoit 2y ago
  As someone with not too deep knowledge into the fashion industry, isn't Shein basically the same as H&M, which has sustained itself for more than 70 years? How are they different? Both seem to have a focus on fast fashion, although Shein seems to focus more on online sales compared to H&M.
  - ecmascript 2y ago
    > sn't Shein basically the same as H&M, Compared to Shein H&M is a luxury brand.
    - CaptainOfCoit 2y ago
      Guess you think Penneys/Primark is luxury as well in that case... Regardless, more insightful information would be very welcome here rather than hyperbole.
  - davidmurdoch 2y ago
    I think the comment you are replying to was tongue in cheek.
  - throwaway4good 2y ago
    The difference is in the way they do logistics and on-demand/just-in-time production. Shein is deeply integrated with its suppliers - H&M and similar are not. Traditional retail - like H&M - has a markup of around factor 10 (meaning if something is 100 in the store, the factory/shipping company gets 10) - and supplier lead times of 3-6 months. Shein has much lower markup and lead times of down to under a day.
  - anavette 2y ago
    SHEIN has experienced explosive growth through obscenely low prices, achieved by exploiting trade rules (de minimis value to offer free shipping), forced labor in manufacturing, ghost shifts, plagiarism, use of garbage materials (incl. cotton alleged to be created via slave labor), and "just in time" manufacturing habits that triple-down on items that sell.[1] Not to mention a gamified app pandering to a very addicted audience (average SHEIN shopper is 35 and spends 60% more than most folks per month on clothes)[2] and seems to have a "I shouldn't have to pay what things cost to manufacture, and whatever I want in my size shouldn't cost me more" attitude re: clothing. H&M has positioned itself as more of an "eco friendly" and "fair wages" player but as a fast fashion retailer, has had accusations of similar practices in the past. SHEIN seems a little different due to the nature, scale, and shameless lying infused in their approach. Their actions are orders of magnitude more intense even the grey zone manufacturing practices of Forever 21/Zara. Goes without saying no fast fashion is "ethical" by any stretch, but SHEIN is on another level. [1] https://time.com/6695469/temu-shein-de-minimis/ https://time.com/6695469/temu-shein-de-minimis/ [2] https://archive.ph/XRs9C https://archive.ph/XRs9C
  - throwaway2562 2y ago
    Shein is basically a polyester company, as well as an even more egregious design thief. This makes them faster than the rest, as well as environmentally and socially undesirable.
  - keiferski 2y ago
    SHEIN is more like Urban Outfitters with the TikTok trendy throttle turned up to 10. Everything is obscenely cheap and not intended to be worn more than 5-10 times and sold for more than a season.
paxys 2y ago
What about this company makes it "tech"?
- throwaway4good 2y ago
  Their logistics and on-demand production is night and day ahead.
- gregjw 2y ago
  They function D2C through their website, rather than having brick-and-mortar stores. Thats enough to classify them as 'tech' I guess.
  - throwaway4good 2y ago
    It is as much tech as Amazon or Airbnb.
- dazc 2y ago
  Who said it was?
  - greenthrow 2y ago
    Literally the comment they are replying to.
- barrenko 2y ago
  It's a tik tok thot front.
neglesaks 2y ago
It's not tech, it's clothing & accessories shopping in a sector that's starting to get crowded (Alibaba, Wish and the much talked about Temu...).
- dylan604 2y ago
  Couldn't the same have been said about Amazon before AWS?
  - neglesaks 2y ago
    Possibly, but has Shein done any tech innovation remotely like Amazon?
    - dylan604 2y ago
      Innovation? You mean build a customer facing website, built a logistics platform to track inventory/receiving/shipping, built management tool for tracking vendors/suppliers? Excluding AWS, what tech innovation did Amazon do?
- helsinkiandrew 2y ago
  > It's not tech, it's clothing & accessories In the same way that Amazon is a book company - Shein is a highly tech-driven fashion company - they use big data/AI/custom systems to manage everything from prediction fashion trends, managing the supply chain and customising the user experience.
  - rchaud 2y ago
    > they use big data/AI/custom systems to manage everything from prediction fashion trends, managing the supply chain and customising the user experience. Didn't this just used to be called ERP?
  - DaiPlusPlus 2y ago
    > they use big data/AI/custom systems to manage everything from prediction fashion trends, managing the supply chain and customising the user experience. Please elaborate, ideally with citations that provide sufficient technical detail. Whereas, in my head: “Big data” means “we tried to use Hadoop once” or “who needs a DBA? Just load everything into a Snowflake account” “AI” means “we proxy ChatGPT and start all chats with “You are a helpful fast-fashion retailer…”” “Custom systems” is what every company has, and could be anything from giving the CEO a custom-built RGB-lit gaming rig as a desk PC, to a core company workflow using Excel macros, to what AWS is to Amazon; I can’t say I’ve heard of Shein launching SheinWebServices so that narrows it down somewhat.
deleted 2y ago
[deleted]

sarusso 2y ago

And probably one of the most unsustainable ones, given the nature of their business…

CaptainOfCoit 2y ago
As someone with not too deep knowledge into the fashion industry, isn't Shein basically the same as H&M, which has sustained itself for more than 70 years? How are they different? Both seem to have a focus on fast fashion, although Shein seems to focus more on online sales compared to H&M.
- ecmascript 2y ago
  > sn't Shein basically the same as H&M, Compared to Shein H&M is a luxury brand.
  - CaptainOfCoit 2y ago
    Guess you think Penneys/Primark is luxury as well in that case... Regardless, more insightful information would be very welcome here rather than hyperbole.
- davidmurdoch 2y ago
  I think the comment you are replying to was tongue in cheek.
- throwaway4good 2y ago
  The difference is in the way they do logistics and on-demand/just-in-time production. Shein is deeply integrated with its suppliers - H&M and similar are not. Traditional retail - like H&M - has a markup of around factor 10 (meaning if something is 100 in the store, the factory/shipping company gets 10) - and supplier lead times of 3-6 months. Shein has much lower markup and lead times of down to under a day.
- anavette 2y ago
  SHEIN has experienced explosive growth through obscenely low prices, achieved by exploiting trade rules (de minimis value to offer free shipping), forced labor in manufacturing, ghost shifts, plagiarism, use of garbage materials (incl. cotton alleged to be created via slave labor), and "just in time" manufacturing habits that triple-down on items that sell.[1] Not to mention a gamified app pandering to a very addicted audience (average SHEIN shopper is 35 and spends 60% more than most folks per month on clothes)[2] and seems to have a "I shouldn't have to pay what things cost to manufacture, and whatever I want in my size shouldn't cost me more" attitude re: clothing. H&M has positioned itself as more of an "eco friendly" and "fair wages" player but as a fast fashion retailer, has had accusations of similar practices in the past. SHEIN seems a little different due to the nature, scale, and shameless lying infused in their approach. Their actions are orders of magnitude more intense even the grey zone manufacturing practices of Forever 21/Zara. Goes without saying no fast fashion is "ethical" by any stretch, but SHEIN is on another level. [1] https://time.com/6695469/temu-shein-de-minimis/ https://time.com/6695469/temu-shein-de-minimis/ [2] https://archive.ph/XRs9C https://archive.ph/XRs9C
- throwaway2562 2y ago
  Shein is basically a polyester company, as well as an even more egregious design thief. This makes them faster than the rest, as well as environmentally and socially undesirable.
- keiferski 2y ago
  SHEIN is more like Urban Outfitters with the TikTok trendy throttle turned up to 10. Everything is obscenely cheap and not intended to be worn more than 5-10 times and sold for more than a season.

paxys 2y ago

What about this company makes it "tech"?

throwaway4good 2y ago
Their logistics and on-demand production is night and day ahead.
gregjw 2y ago
They function D2C through their website, rather than having brick-and-mortar stores. Thats enough to classify them as 'tech' I guess.
- throwaway4good 2y ago
  It is as much tech as Amazon or Airbnb.
dazc 2y ago
Who said it was?
- greenthrow 2y ago
  Literally the comment they are replying to.
barrenko 2y ago
It's a tik tok thot front.

neglesaks 2y ago

It's not tech, it's clothing & accessories shopping in a sector that's starting to get crowded (Alibaba, Wish and the much talked about Temu...).

dylan604 2y ago
Couldn't the same have been said about Amazon before AWS?
- neglesaks 2y ago
  Possibly, but has Shein done any tech innovation remotely like Amazon?
  - dylan604 2y ago
    Innovation? You mean build a customer facing website, built a logistics platform to track inventory/receiving/shipping, built management tool for tracking vendors/suppliers? Excluding AWS, what tech innovation did Amazon do?
helsinkiandrew 2y ago
> It's not tech, it's clothing & accessories In the same way that Amazon is a book company - Shein is a highly tech-driven fashion company - they use big data/AI/custom systems to manage everything from prediction fashion trends, managing the supply chain and customising the user experience.
- rchaud 2y ago
  > they use big data/AI/custom systems to manage everything from prediction fashion trends, managing the supply chain and customising the user experience. Didn't this just used to be called ERP?
- DaiPlusPlus 2y ago
  > they use big data/AI/custom systems to manage everything from prediction fashion trends, managing the supply chain and customising the user experience. Please elaborate, ideally with citations that provide sufficient technical detail. Whereas, in my head: “Big data” means “we tried to use Hadoop once” or “who needs a DBA? Just load everything into a Snowflake account” “AI” means “we proxy ChatGPT and start all chats with “You are a helpful fast-fashion retailer…”” “Custom systems” is what every company has, and could be anything from giving the CEO a custom-built RGB-lit gaming rig as a desk PC, to a core company workflow using Excel macros, to what AWS is to Amazon; I can’t say I’ve heard of Shein launching SheinWebServices so that narrows it down somewhat.

deleted 2y ago

[deleted]