| Chris Xu | |
|---|---|
| Born | 1984 (age 40–41) Shandong province, China |
| Education | Qingdao University of Science and Technology (BSc) |
| Occupation | Businessman |
| Title | Founder of Shein |
Chris Xu, also known as Sky Xu and Xu Yangtian, is a Chinese-Singaporean entrepreneur and the founder of the online clothing retailer Shein. Xu is considered to be reserved and rarely appears in public.
Biography
Xu is said to come from a poor family in Shandong province and to have studied at the Qingdao University of Science and Technology. According to other sources, he is a Chinese American and has studied at the George Washington University. According to information from Shein, he was born in China. After graduating, he worked in marketing at search engine optimization and became aware of the opportunities that arose from selling Chinese products abroad.
In 2008, Xu, together with two business partners, Wang Xiaohu and Li Peng, founded the online retailer Nanjing Dianwei Information Technology, which is said to have been a forerunner of Shein. Xu launched SheInside in Nanjing in 2011 to sell wedding clothing, which later became Shein. His two business partners claimed that Xu subsequently pushed them out of the company, stopped showing up at the office and took control of their businesses Pay Pal account. Xu and Shein denied this version of events and threatened legal action.
In 2015, Xu moved his company's headquarters from Nanjing to Guangzhou and subsequently rose to become a global brand. In February 2022, Xu moved to Singapore according to reports, where Shein also moved its legal headquarters to. In the same year, Shein reached a valuation of $100 billion.
Net worth
In January 2025, his wealth was estimated at $9.1 billion, making him one of the richest entrepreneurs in China.
References
- Nagpaul, Sunny. "Shein's CEO is so low-profile that even his own employees don't recognize him". Fortune. Retrieved 2025-01-16.
- Lu, Shen. "The World's Most Anonymous CEO Is About to Take Center Stage". WSJ. Retrieved 2025-01-16.
- ^ Davidson, Helen (2022-07-30). "Chris Xu: Who is Shein's mysterious billionaire founder?". The Guardian. ISSN 0261-3077. Retrieved 2025-01-16.
- "Sky Xu". Forbes. Retrieved 2025-01-16.