Sky Xu
$6.0B
Born
Jan 01, 1984
Age
41
Source of Wealth
E-commerce
Residence
Guangzhou, Guangdong
Citizenship
China
Marital Status
Children
0
Education
Bachelor of Science, Qingdao University
- Sky Xu is cofounder and CEO of Shein, a fast-fashion phenomenon with Gen Z, selling trendy clothes in more than 150 countries.
- Backed by HongShan, formerly Sequoia China, it's one of the world's most popular shopping apps whose users love its low prices.
- The company raised money at a valuation of $100 billion in the first half of 2022; it subsequently fell back amid a global stock rout.
- It ventured offline in 2023, teaming up with Sparc Group, the operator of fast fashion chain Forever 21, to step into the retailer's locations across the U.S.
- Facing regulatory hurdles to an IPO in the U.S., Shein has been pursuing a listing in London and subsequently in Hong Kong.
- In 2022, Shein opened its first U.S. distribution center in Whitestown, Indiana and its first Canadian one in the greater Toronto area.
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