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Shein taps Sky Xu as chairman for Hong Kong IPO.

7/14/2026

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Story summary
  • Sky Xu will replace Donald Tang as chairman and head the investor roadshow for Shein's Hong Kong listing.
  • Donald Tang will step down as executive chairman, become an adviser, and led a compliance push after fines from French and Italian regulators and a French probe into child-like sex dolls.
  • Shein suspended its French third-party seller platform after the doll findings and reinstated it after defending against a government court order.