Shein accounted for roughly 90% of Airwallex's business in 2018
Jack Zhang · Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings · May 26, 2025 · at 54:01
Jack Zhang is the co-founder and CEO of Airwallex. He reveals the extreme customer concentration Airwallex experienced with fast-fashion retailer Shein during 2018.
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“Well, it's kind of 90% of the business at a time.”
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