Sky Yangtian Xu

entrepreneur

Sky Yangtian Xu is the founder, chairman, and chief executive officer of Shein, an online fast-fashion retailer that has gained significant global prominence. Under his leadership, Shein has expanded rapidly, especially in the U.S. market, although it recently faced challenges due to regulatory changes that have impacted its sales. As of July 2023, Shein is preparing for a much-anticipated initial public offering (IPO) in Hong Kong, following previous unsuccessful attempts to list in New York and London. The company reported a significant quarterly loss of $99 million, reflecting the financial pressures it is under as it seeks new funding amidst rising costs and regulatory scrutiny.