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Who Owns SHEIN?
Updated onExplore the ownership hierarchy of SHEIN. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
SHEIN
Best for consumers
SHEIN is a global online fast-fashion and lifestyle retailer offering low-priced apparel, accessories and home goods directly to consumers via its e-commerce platform.
Owned by
SHEIN Singapore
Best for consumers
SHEIN Singapore is the localized online fast-fashion and lifestyle storefront of global e-commerce retailer SHEIN, offering low-priced clothing, accessories, and home goods to consumers in Singapore.
Owned by
SHEIN Group
Best for consumers
SHEIN Group is a Singapore-headquartered global online fashion and lifestyle retailer that sells low-priced apparel and related products directly to consumers worldwide.
SHEIN
Best for consumers
SHEIN is a global online fast-fashion and lifestyle retailer offering low-priced apparel, accessories and home goods directly to consumers via its e-commerce platform.
Owned by
SHEIN Singapore
Best for consumers
SHEIN Singapore is the localized online fast-fashion and lifestyle storefront of global e-commerce retailer SHEIN, offering low-priced clothing, accessories, and home goods to consumers in Singapore.
Owned by
SHEIN Group
Best for consumers
SHEIN Group is a Singapore-headquartered global online fashion and lifestyle retailer that sells low-priced apparel and related products directly to consumers worldwide.
Major Shareholders
SHEIN
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Chris Xu (Xu Yangtian, also known as Sky Xu) Founder and CEO of Shein; widely reported as the main owner and presumed controlling shareholder, but his exact equity stake is not publicly disclosed. Shein’s cap table is held through offshore entities (Cayman Islands, BVI, Hong Kong, Singapore), so detailed ownership percentages are opaque. | Founder | — | Jul 2025 |
Sequoia Capital China (now operating as HongShan) Major venture backer of Shein; led or co-led several large late‑stage rounds including a reported US$500m Series D in 2019, a US$1.5bn Series F in 2022, and co‑led a ~US$2bn growth‑equity round in 2023 at about a US$66bn valuation. Exact post‑money stake is not publicly disclosed. | Institutional | — | May 2023 |
General Atlantic Global growth‑equity firm and one of Shein’s largest disclosed institutional investors; co‑led the 2022 US$1.5bn Series F round and co‑led the 2023 US$2bn round that valued Shein around US$66bn. Ownership percentage has not been made public. | Institutional | — | May 2023 |
Mubadala Investment Company (Abu Dhabi sovereign wealth fund) Abu Dhabi’s sovereign wealth fund; reported as a major new investor in Shein’s 2023 fundraise, with some industry reports suggesting it contributed roughly US$1bn of the ~US$2bn round led alongside General Atlantic and Sequoia China at a valuation in the mid‑US$60bn range. No precise equity stake has been disclosed. | Government | — | May 2023 |
Tiger Global Management U.S. investment firm that led or co‑led earlier growth rounds (including a 2019 round) and was identified as a new or expanded investor in Shein’s 2022–2023 financings, including participation in the ~US$2bn 2023 round. Its exact percentage ownership is not public. | Institutional | — | Mar 2023 |
IDG Capital Early institutional investor; led Shein’s Series B round of roughly CN¥300m (about US$45m) in 2015–2016 and is still cited as a key shareholder in later coverage. As with other investors, its current stake size is undisclosed. | Institutional | — | Jul 2016 |
Coatue Management Technology‑focused investment firm reported as a participant in Shein’s 2023 US$2bn fundraising round led by General Atlantic, Sequoia China and Mubadala; likely holds a meaningful but minority stake, with no exact percentage published. | Institutional | — | May 2023 |
JAFCO Asia Venture capital firm that led Shein’s US$5m Series A round in 2013, making it one of the earliest disclosed institutional shareholders; current ownership level has not been publicly updated. | Institutional | — | Jan 2013 |
SHEIN Singapore
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Beauty of Fashion Investment Co. Ltd. British Virgin Islands–registered holding company that functions as the main corporate owner of the Shein group. Open-source corporate-structure research reports indicate it holds a controlling (majority) stake in Roadget Business Pte. Ltd., the Singapore entity that operates the SHEIN brand and the sg.shein.com storefront, making it the key direct owner of SHEIN Singapore. | Corporate | — | Dec 2022 |
Chris Xu (Xu Yangtian / Sky Xu) Founder and CEO of Shein Group. Financial media and billionaire-index analyses indicate he owns roughly one‑third of Shein’s ultimate holding company (e.g., Elite Depot/Beauty of Fashion), giving him effective controlling influence over SHEIN Singapore’s parent even though his stake is held indirectly through offshore holding entities. | Founder | — | May 2024 |
Miao Miao Early Shein co‑founder and senior executive involved in operations and merchandising. Bloomberg-based analyses estimate she owns an indirect mid‑single‑digit stake (around 7–8%) in Shein’s ultimate holding company via Beauty of Fashion, making her a significant beneficial owner of SHEIN Singapore’s business. | Founder | — | Dec 2022 |
Gu Xiaoqing Shein co‑founder and key operations leader. Public wealth and ownership estimates attribute to her an indirect mid‑single‑digit percentage stake (roughly 7–8%) in the ultimate Shein holding structure through Beauty of Fashion, giving her notable beneficial ownership exposure to SHEIN Singapore. | Founder | — | Dec 2022 |
Ren Xiaoqing Shein co‑founder involved in supply‑chain and merchandise development. Alongside the other founders, she is widely reported to hold an indirect stake of about 7–8% in Shein’s top holding company via Beauty of Fashion, and thus is a meaningful beneficial shareholder behind SHEIN Singapore. | Founder | — | Dec 2022 |
Sequoia Capital China (now HongShan) Major venture-capital backer of Shein. Public funding disclosures and deal reporting show Sequoia/HongShan has led or co‑led multiple large financing rounds, including a roughly $2B round in 2023, and holds a significant minority stake at the Shein holding-company level, giving it indirect ownership of SHEIN Singapore. | Institutional | — | May 2023 |
General Atlantic US growth‑equity firm and one of Shein’s largest institutional investors. Co‑led Shein’s 2022–2023 mega funding rounds and is repeatedly cited as a key shareholder in the group’s pre‑IPO ownership structure, with its stake held at the ultimate holding-company level above SHEIN Singapore. | Institutional | — | May 2023 |
Tiger Global Management US-based hedge fund and venture investor that participated in major Shein funding rounds from at least 2018–2019 onward, including a billion‑dollar round around the company’s $100B peak valuation. Often described as one of Shein’s earliest and most profitable institutional backers, holding an indirect minority stake in the group that encompasses SHEIN Singapore. | Institutional | — | Apr 2022 |
Mubadala Investment Company Abu Dhabi sovereign wealth fund. Widely reported as a lead investor in Shein’s 2023 $2B funding round at a c. $60–70B valuation, making it a prominent state-backed shareholder with an indirect minority interest in SHEIN Singapore through Shein’s offshore holding structure. | Government | — | May 2023 |
IDG Capital Global venture and private‑equity firm that led Shein’s 2016 Series B financing and has been identified as one of the company’s important early institutional backers. Its stake, now diluted by later rounds, is held at the Shein/Beauty of Fashion holding level and thus represents an indirect minority ownership interest in SHEIN Singapore. | Institutional | — | Jul 2016 |
SHEIN Group
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Chris Xu (Xu Yangtian / Sky Xu) Founder and CEO of SHEIN Group; multiple independent reports describe him as the main owner and controlling shareholder of the privately held group, which is structured through offshore holding companies, but his exact equity and voting stake have never been disclosed. | Founder | — | Nov 2025 |
Sequoia Capital China (now HongShan) Leading early and growth-stage investor in Shein; co-led a US$500m round in 2019 and was a lead or co-lead investor in the US$1.5b 2022 round and the US$2b 2023 growth-equity financing at valuations up to about US$100b/US$66b, making it one of the largest outside shareholders; precise ownership percentage is not public. | Institutional | — | May 2023 |
General Atlantic Global growth-equity firm that participated in Shein’s large 2022 funding round and then co-led the US$2b round in May 2023 alongside Sequoia China and Mubadala, at a valuation reported around US$64–66b, implying a sizeable minority stake with undisclosed exact percentage. | Institutional | — | May 2023 |
Mubadala Investment Company Abu Dhabi sovereign wealth fund; identified by multiple reports as a major investor and co‑lead in Shein’s US$2b 2023 fundraising round, giving it a significant minority position in the company, though no exact ownership figure has been published. | Institutional | — | May 2023 |
Tiger Global Management US-based hedge fund and venture investor; co-led a US$500m round in 2019 and led or co‑led the US$1b Series C round in April 2022, and is also reported as a participant in the 2023 US$2b round, making it one of Shein’s prominent institutional shareholders; current stake is not disclosed. | Institutional | — | Apr 2022 |
IDG Capital Global venture capital firm that led Shein’s roughly US$44.8m Series B round (often dated 2015–2016 in databases), making it one of the earliest institutional backers; its original stake has likely been diluted in later rounds, and no current percentage is publicly available. | Institutional | — | Jul 2016 |
General Catalyst US venture and growth-equity firm that co‑led Shein’s US$1b Series C round in April 2022 alongside Tiger Global, giving it a material but undisclosed minority stake. | Institutional | — | Apr 2022 |
JAFCO Asia Asian venture capital arm of JAFCO; cited as lead investor in Shein’s US$5m Series A round in January 2013, which provided one of the company’s first institutional capital injections and resulted in an early minority equity position whose current size is not disclosed. | Institutional | — | Jan 2013 |
Coatue Management US technology-focused investment firm reported as a participant, alongside Tiger Global, in the US$2b 2023 funding round led by General Atlantic, Sequoia China and Mubadala, indicating a minority shareholding without publicly available percentage details. | Institutional | — | May 2023 |
Marcelo Claure Bolivian‑American entrepreneur and investor; funding databases list him as the sole named angel in a US$150m round in February 2023, implying a direct personal minority stake in Shein, though no exact ownership or voting percentage has been disclosed. | Individual | — | Feb 2023 |
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