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Shein executive insured without investors or management of fast-fashion raises him to dismiss the company to block trade tariffs and hard competition.
Donald Tang told the financial times out of the last investors – which included Sequoia China, now known as Hongshan and Abu Dhabi Sovereign plan.
“For me, if anybody is unhappy, they have never told me. I just told our shareholders – no one else except for the company,” he called “the elephant in the room”.
Shein is appreciated by $ 66bn of the latest fund funds in 2023. But some investors and other stakeholders reported that the hours were torn in the hours that could complete an IPO in the first half of this year.
Tang, who participated in China’s established group in 2022 to help lead a stock market list, saying that there is “zero conversation” in charge of shewing.
“If you actually go public, there is that question (about appreciation), but we don’t go public now… We don’t talk to this day, zero,” he said.
Shein, now headquartered in Singapore, first launched public plans in New York in late 2023 but referred to the UK after handling US Securities and Exchange Commission. In spite of a more reduced valuation, a flotation can be one of the largest decades of the London market, struggling to attract and maintain many international lists.
The company,, ships cheap clothings made with most Chinese factories directly to shoppers around the world, facing the future of a significant display of imported amounts of $ 800.
The US Donald Trump president last month ends “De MiniMis” exemption before placing the step held as parcels targeted by American entry points. Trump also introduces an additional 10 percent tariff of imports from China, then it has been doubled by 20 percent Last week.
Shein suffered a 40 percent dropped to net profits Up to $ 1bn in 2024, people with knowledge of internal improvements speak FT before.
The Tang said investors “are very happy because.. We have improved the effectiveness, we shortened the garbage… And continue to grow stronger and well on the scale”.
He acknowledged that there was a “change” of the company’s margins but said that the group reached the previous disruption, as during the covid-19 pandemic.
He refused to be drawn to Shein’s effect from closing the “de minimis” tax tax but said that the group “often with a global model, so we started doing global diversity”.
Shein used to say investors can take place a list when April but a IPO can be carried in the second half of this year as it navigates the US tariff challenges.
Asked when I was IPO in the IPO in the second half of the year, he said: “You wanted to be easy later.”
The company filed the confidential papers of the IPO in the UK Markets regulator in June. Tang refuses to comment on progress toward a list while approval of the regulators in UK and China.
“If I have the agreement with others to make confidential I will not break that covenant,” he said.
But he said that by passing through the listing process, the company “can accept universal mechanism for accountability and transparency because there are information needs to be exposed.
“By doing the right way we can get the most public trust,” he said.
Shein was established in 2012 but its sales turbocharged in the boom online shopping during pandemic. It faced evaluation from politicians and campaigns in allegations of poor working behaviors in the flowing chains of supply.
The company RESPONDENT By a British MP in January of “disrespect” is a parliamentary committee. It follows an appearance of top shein lawyer in Europe where he refuses to answer the committee questions about proven Xinjiang products in China.
Tang said Shein later wrote MPs who answered all questions. Shein said there was a “zero-tolerance policy” in compulsory work and most cotton understood from Australia and US.
Although Shein was originally intended to list in the US, Tang praises London as a “Fantastic Capital Market”. “It has the best timezone, the best language. It has the best separation between legality and politics, and it has… One of the highest standards for accountability,” he said.
