Tang was in London to talk about Shein weeks after investors said the company should cut its valuation by more than two-thirds to about US$30 billion ($40.09 billion). He declined to comment on Shein’s valuation.
Shein’s executive chairman said he remains committed to plans to take the fast-fashion retailer public despite being in the crosshairs of US President Donald Trump’s campaign to rebalance global trade.
Donald Tang, a former Bear Stearns banker, said in an interview that a listing would help earn public trust and increase transparency of Shein, which has been accused of tolerating labour violations among its Chinese suppliers.
