20VC with Harry Stebbings | Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 @20VC | Uploaded September 2024 | Updated October 2024, 8 minutes ago.
Donald Tang is the Executive Chairman of SHEIN, with oversight of public affairs, business strategy, corporate development, and finance. Donald began his career at Merrill Lynch & Co. He later joined Bear Stearns & Co. Inc. in Los Angeles as Senior Managing Director of Investment Banking. At Bear Sterns, Donald quickly rose to become the Vice Chairman of the firm, as well as Chairman and President of Bear Stearns International Holdings, Chairman and CEO of Bear Stearns Asia, Ltd, and a member of the board of directors at Bear Stearns & Co.
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Timestamps:
(00:00) Intro
(00:53) Background
(03:43) First Job in Finance
(06:22) The Balance Between Skill vs. Luck
(07:06) The SHEIN Story: How It Became a Global Fashion Giant
(14:26) Managing Supplier Relationships in a Fast-Paced Environment
(19:40) Is Price the Primary Driver for Choosing SHEIN?
(22:34) Leveraging Social Media for Customer Acquisition
(26:45) Evaluating Global Expansion
(29:33) Key Mistakes Made When Entering the US Market
(33:18) Untapped Growth Opportunities
(35:00) Navigating Tariffs & Their Impact on Pricing Strategy & Success
(36:30) Addressing the Climate Criticism
(39:17) Navigating IPO & Global Responsibility
(42:31) Lessons on Building a Happy & Lasting Marriage
(43:56) Fatherhood
(46:15) Relationship to Money
(48:16) Quick-Fire Round
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In Today’s Episode with Donald Tang We Discuss:
1. How SHEIN Became a Global Giant:
As specifically as possible, what did you and the SHEIN team do that enabled you to be one of the fastest-growing companies on the planet?
Real-Time Retail: What is this? How is it the core of SHEIN’s growth and efficiency?
Supply Chain Innovation: How did SHEIN innovate on the supply chain to give them such an advantage over the competition?
Price King: How does Donald respond to the statement that SHEIN wins due to price, not quality?
Social Media: What social media tactics allowed SHEIN to grow so fast? What did not work?
Paid Media: How have SHEIN approached paid marketing? What works? What does not?
2. The Big Questions: IPOs, Impact on Climate and Worker Conditions:
IPO: Why does SHEIN want to go public? Is London the right place for the company to go public?
Climate: How does Donald respond to the common idea that “SHEIN is bad for the climate” and encourages fast fashion like never before?
Worker Conditions: How does Donald respond to the common question around worker conditions, age of workers and how SHEIN approaches this?
3. Marriage, Fatherhood and Happiness:
Marriage: What have been Donald’s biggest lessons on how to have a successful marriage?
Fatherhood: What does being a great father mean to Donald? If he could call himself up the night before his first child was born, what would he advise himself?
Happiness: How does Donald think about happiness today? What does everyone get wrong about happiness?
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Subscribe on Spotify:
open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466
Subscribe on Apple Podcasts:
podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465
Follow Harry Stebbings on Twitter:
twitter.com/HarryStebbings
Follow SHEIN on Twitter:
twitter.com/SHEIN_Official
Follow 20VC on Instagram:
instagram.com/20vchq
Follow 20VC on TikTok:
tiktok.com/@20vc_tok
Visit our Website:
20vc.com
Subscribe to our Newsletter:
thetwentyminutevc.com/contact
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#20vc #harrystebbings #donaldtang #shein #retail #fashion #venturecapital #supplychain #ipo #executivechairman #marriage
Donald Tang is the Executive Chairman of SHEIN, with oversight of public affairs, business strategy, corporate development, and finance. Donald began his career at Merrill Lynch & Co. He later joined Bear Stearns & Co. Inc. in Los Angeles as Senior Managing Director of Investment Banking. At Bear Sterns, Donald quickly rose to become the Vice Chairman of the firm, as well as Chairman and President of Bear Stearns International Holdings, Chairman and CEO of Bear Stearns Asia, Ltd, and a member of the board of directors at Bear Stearns & Co.
-----------------------------------------------
Timestamps:
(00:00) Intro
(00:53) Background
(03:43) First Job in Finance
(06:22) The Balance Between Skill vs. Luck
(07:06) The SHEIN Story: How It Became a Global Fashion Giant
(14:26) Managing Supplier Relationships in a Fast-Paced Environment
(19:40) Is Price the Primary Driver for Choosing SHEIN?
(22:34) Leveraging Social Media for Customer Acquisition
(26:45) Evaluating Global Expansion
(29:33) Key Mistakes Made When Entering the US Market
(33:18) Untapped Growth Opportunities
(35:00) Navigating Tariffs & Their Impact on Pricing Strategy & Success
(36:30) Addressing the Climate Criticism
(39:17) Navigating IPO & Global Responsibility
(42:31) Lessons on Building a Happy & Lasting Marriage
(43:56) Fatherhood
(46:15) Relationship to Money
(48:16) Quick-Fire Round
-----------------------------------------------
In Today’s Episode with Donald Tang We Discuss:
1. How SHEIN Became a Global Giant:
As specifically as possible, what did you and the SHEIN team do that enabled you to be one of the fastest-growing companies on the planet?
Real-Time Retail: What is this? How is it the core of SHEIN’s growth and efficiency?
Supply Chain Innovation: How did SHEIN innovate on the supply chain to give them such an advantage over the competition?
Price King: How does Donald respond to the statement that SHEIN wins due to price, not quality?
Social Media: What social media tactics allowed SHEIN to grow so fast? What did not work?
Paid Media: How have SHEIN approached paid marketing? What works? What does not?
2. The Big Questions: IPOs, Impact on Climate and Worker Conditions:
IPO: Why does SHEIN want to go public? Is London the right place for the company to go public?
Climate: How does Donald respond to the common idea that “SHEIN is bad for the climate” and encourages fast fashion like never before?
Worker Conditions: How does Donald respond to the common question around worker conditions, age of workers and how SHEIN approaches this?
3. Marriage, Fatherhood and Happiness:
Marriage: What have been Donald’s biggest lessons on how to have a successful marriage?
Fatherhood: What does being a great father mean to Donald? If he could call himself up the night before his first child was born, what would he advise himself?
Happiness: How does Donald think about happiness today? What does everyone get wrong about happiness?
-----------------------------------------------
Subscribe on Spotify:
open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466
Subscribe on Apple Podcasts:
podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465
Follow Harry Stebbings on Twitter:
twitter.com/HarryStebbings
Follow SHEIN on Twitter:
twitter.com/SHEIN_Official
Follow 20VC on Instagram:
instagram.com/20vchq
Follow 20VC on TikTok:
tiktok.com/@20vc_tok
Visit our Website:
20vc.com
Subscribe to our Newsletter:
thetwentyminutevc.com/contact
-----------------------------------------------
#20vc #harrystebbings #donaldtang #shein #retail #fashion #venturecapital #supplychain #ipo #executivechairman #marriage
