Tang Wei Says Shein Chair Departure Was His Decision, Not Pressure From Xu Yangtian

Former Shein Executive Chairman Tang Wei said in a recent media interview that stepping down weeks before the IPO was his own decision, not the result of pressure from founder Xu Yangtian. According to Sina Finance, Xu has personally taken over as Shein's executive chairman, while Tang will continue as a company adviser. Tang said the decision to step away was difficult because he loved the job, but added that important roles are never truly finished and waiting until everything is in place would mean never leaving. He said that as corporate governance continues to improve, Shein's valuation will eventually reflect improvements in its fundamentals. “I often say, what could be better than putting yourself in a fishbowl in the middle of a square?”