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Shein executive chairman Donald Tang to step down as IPO nears
Tang, 63, will shift to a senior adviser role with no set transition timetable, raising questions about who will take his place as the company prepares for a public listing.
Shein executive chairman Donald Tang plans to step down as the company’s IPO process nears completion, according to three sources with direct knowledge of the matter cited by SCMP Economy.
The outlet reports that Tang will retreat to a senior adviser role after serving as the company’s public face for about three years, with continued close work alongside management, and no fixed timetable for the transition.
SCMP Economy also said Tang, 63 and based in Los Angeles, has served as a Western proxy for Shein founder Sky Xu, liaising with politicians and regulators worldwide while representing the fast-fashion e-commerce group at conferences and public events.
Tang’s departure may prompt a change in how leadership is presented externally, including whether Xu steps into the spotlight, assigns a co-founder to that role, or brings in an external leader, according to the same sources.