Shein CEO’s wealth falls over US$15bil after whittled-down IPO

2026-08-31 FMT 11

Core Tip: Founder Sky Xu sees his fortune shrink as the fast-fashion retailer suffers from poor timing, with investors favouring AI over e-commerce.

Founder Sky Xu sees his fortune shrink as the fast-fashion retailer suffers from poor timing, with investors favouring AI over e-commerce.

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