Shein executive chairman to step down as IPO nears

Shein ​Executive Chairman Donald Tang will step down as his mission of taking the company public nears completion, three sources with direct knowledge of ‌the matter told Reuters, after three years as the public face of the global fast-fashion retailer.

A Chinese American billionaire who began his career in banking, Tang has acted as the Western representative of secretive Shein founder and CEO Sky Xu, liaising with politicians, regulators, and investors around the world and representing the...