TechNode is a platform focused on technological innovation within the tech industry. The company's main service is providing news and insights about the Chinese tech industry, delivered through a bi-weekly newsletter. It also offers services in corporate innovation, international tech media and cross-national business, event services, data support for companies and venture capital services. It was founded in 2007 and is based in Shanghai, Shanghai.
TechNode's Products & Differentiators
From large-scale conferences to customized campaigns, we are able to create the platform for business to achieve their objectives.
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Latest TechNode News
Nov 28, 2023
Shein reportedly files for long-awaited US IPO. Credit: 123RF Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Fast fashion giant Shein has confidentially filed for an IPO in the US, Reuters reported on Monday, citing two sources. The move puts to an end long-running speculation around the China-founded company’s intentions to go public. Why it matters: A successful listing for the fast-fashion giant would help Shein expand its global reach while diversifying its sources of funding. Details: Shein has hired Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead underwriters for the share offering and expects to go public sometime in 2024, according to Reuters. The company’s current valuation is uncertain. In a $2 billion funding round in May, Shein was valued at $66 billion , a third less than its $100 billion valuation from a funding round a year earlier. Now headquartered in Singapore, the retailer sells everything from skirts to sweaters, typically for around $10 a piece, in more than 150 countries. Shein has actively sought to diversify its supply chain, moving away from reliance on China. The company began manufacturing in Turkey and Brazil this year and is in the process of planning for a factory and warehouse in Mexico. Under ongoing regulatory scrutiny in the US, its largest market, Shein faces allegations related to design infringement and the use of forced labor in its factories. Shein did not respond to TechNode’s request for comment. Context: In 2022, eleven years after its founding, Shein recorded $23 billion in revenue and $800 million in net income, according to the Wall Street Journal . A company executive reportedly told investors in July that it had achieved record profitability in the first half of 2023 thanks in large part to strong sales in the US. In a bid to further expand its international presence, Shein acquired a one-third stake in Forever 21’s parent company in August, followed by the purchase of fast fashion brand Missguided and all of its intellectual property in October. Support TechNode With a small team, TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry. One-time
TechNode Frequently Asked Questions (FAQ)
When was TechNode founded?
TechNode was founded in 2007.
Where is TechNode's headquarters?
TechNode's headquarters is located at 2/F, Lichengfang, Lifeng Plaza, Shanghai.
What is TechNode's latest funding round?
TechNode's latest funding round is Series A - III.
How much did TechNode raise?
TechNode raised a total of $1M.
Who are the investors of TechNode?
Investors of TechNode include SPH Ventures, Nutty Capital Venture, Kairous Capital, Ucommune, XCGT Holding Group and 7 more.
Who are TechNode's competitors?
Competitors of TechNode include Tech in Asia and 6 more.
What products does TechNode offer?
TechNode's products include Events and 2 more.
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