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Shein's executive chairman Donald Tang reassured investors that the fast-fashion giant continues to grow despite U.S. tariff changes affecting low-value imports from China. In a letter seen by Reuters, Tang emphasized Shein’s commitment to affordable fashion, noting that its diverse selection and competitive pricing keep it ahead in the U.S. market.
Shein is pursuing a London IPO, though reports suggest its valuation may drop to around $50 billion. Concerns arose after U.S. President Donald Trump ended the "de minimis" duty-free provision for imports under $800, impacting Shein and rival Temu. Although the provision was temporarily reinstated, supply chain disruptions and order delays followed.
Tang highlighted Shein’s investments in supply chain advancements and improved logistics for faster deliveries, ensuring the company remains resilient. He reiterated support for de minimis reform, prioritizing American consumers over customs policies.
Shein, known for budget-friendly fashion items like $10 dresses, is backed by investors including Sequoia Capital and General Atlantic. The company’s London IPO plans come amid a competitive U.S. discount apparel market and evolving trade policies.
Shein did not disclose financial details in the letter and has not commented further. Investors remain cautious as the Commerce Department evaluates long-term changes to the de minimis rule.
With supply chain enhancements and a focus on customer satisfaction, Shein aims to maintain its stronghold in the fast-fashion industry despite regulatory challenges.
