If Shein goes public, it could be at a $90B valuation

In today’s top story, Rita writes that Singapore’s controversial fast-fashion giant Shein is reportedly seeking a $90 billion valuation if it ever decides to do an initial public offering. And that’s the deciding factor, really — if an IPO even happens. Get the scoop.

Meanwhile, check out the curves on the 2025 Ram Ramcharger. Kirsten reports that the Stellantis brand Ram’s electric truck gets its electric vehicle juice from a gas-powered generator. Whatever you do, don’t call it a plug-in hybrid.

And while we brought you oh so many stories yesterday about OpenAI, Ivan put them all together in a handy-dandy reference guide. See more.

More top reads

What are ya, Yellow?: New venture capital firm Yellow is betting on Southern Europe. Read about who’s behind it.

There’s a new unicorn: Enable, a platform for managing B2B rebates, is now worth $1 billion after raising $120 million. Learn how it got there.

Organize your life: Meet Fabric, a startup with an AI-powered workspace and home for all your information. Go forth and digitize.

It’s great to have that connection: Integration.app emerged from stealth today to show off its use of large language models to connect apps and services together. Meet the company.

Where’s Tom?: Former Myspace founders introduce a text-to-video generator that uses your selfie to personalize content. See how it works.

Mind the overspend: Cast AI, which helps companies optimize cloud spend, lands $35 million. You can now put away your wallet.

For those who like Paris in the springtime: Summer, which helps customers buy and and rent out vacation homes, raises $18 million. Here’s how.

Why’d you have to go and make things so complicated?: Sift wants to uncomplicate the way enterprises go about managing telemetry. It now has $7.5 million to be the “digital backbone to the physical world.” Let the data flow.

Oh, Honey: Google Search and Chrome are getting new tools to help users find discounts. Wake up, time to shop.

Many happy returns: ReturnGO, with $5 million in fresh capital, now powers product returns for Amazon Multi-Channel Fulfillment. Read more.

From A to Xpressbees: The Ontario Teachers’ growth fund backs Indian logistics unicorn Xpressbees in an $80 million funding round. Educate yourself on what Xpressbees does.

Get with the new program: Meta, Discord and others unveil an effort to combat online child sexual exploitation and abuse. Read more.

ICYMI: WeWork, once worth $47 billion, filed for bankruptcy. That prompted Alex to ponder if WeWork’s core business ever actually worked. (TC+)

Even more for your Tuesday:

Withings Body Scan review: A smart scale that tracks cardio health, body comp and more

Figma sweetens FigJam whiteboard tool with new AI features

23andMe data theft prompts DNA testing companies to switch on 2FA by default

Spill toasts one year with a $2M seed extension, Kerry Washington and Champagne

Congruent starts raising fresh $250M early-stage climate tech fund (TC+)

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