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GUANGZHOU – Chinese fast fashion giant Shein has predicted its revenue will more than double and reach almost US$60bn (£49.8bn) by 2025. The company made the bold claims in presentation to investors which was shared with the Financial Times.

Shein is said to be targeting an IPO later this year. The business reported annual revenue of US$22.7bn (£18.8bn) last year and is projecting that it will achieve annual revenue of US$58.5bn (£48.6bn) by 2025.

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