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Shein’s founder reaffirms ties to Guangdong, investing 10 billion yuan in a tech fashion hub amid global scrutiny.
Shein founder Xu Yangtian made his first public appearance in Guangzhou, reaffirming the company’s deep ties to Guangdong, China, and announcing a 10 billion yuan investment to build a high-tech fashion hub and modernize its supply chain.
The move marks a strategic shift from previous efforts to distance Shein from its Chinese roots by relocating its headquarters to Singapore and pursuing IPOs in New York and London.
Xu credited Guangdong’s industrial ecosystem and government support for Shein’s growth, highlighting its role in supporting over 600,000 jobs.
The announcement comes amid ongoing regulatory scrutiny and global challenges, including trade tensions and controversies over product listings, as Shein seeks to strengthen its position through closer alignment with China’s digital and manufacturing ambitions.
El fundador de Shein reafirma los lazos con Guangdong, invirtiendo 10 mil millones de yuanes en un centro de moda tecnológico en medio del escrutinio global.