Assertion Supported AI assessment confidence: 90% certainty 3/5 debate potential 2/5

Tang: Traditional retail unsold inventory rates range from 25% to 35%

Donald Tang · Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings · Sep 30, 2024 · at 22:05

Donald Tang, Executive Chairman of SHEIN, contrasts traditional fashion retail overproduction rates with SHEIN's on-demand business model.

0:00 / 0:04exact quote · 4.0s
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“You know, traditional thinking it would be like 25 to 35%.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Donald Tang

Assertion Not checkable as stated
Tang: SHEIN survey data shows only 10% throw away clothes after one use
“We have the data to, the survey to say that's incorrect. But that doesn't mean that people don't throw it away. There are still that 10% of people, they still do.”
Donald Tang Sep 30, 2024 ▶ 38:02 Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings
Disclosure
Tang: SHEIN is pursuing an IPO to embrace public diligence and oversight
“We wanted to embrace public diligence.”
Donald Tang Sep 30, 2024 ▶ 41:06 Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings
Assertion Supported
Tang: SHEIN is currently profitable and growing
“We're profitable. We have growth.”
Donald Tang Sep 30, 2024 ▶ 21:45 Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings
Assertion Partly supported
Tang: Harris Poll shows SHEIN customers wear products longer than competitors'
“The Harris poll that we commissioned recently, the UK and the US, came back exactly that. You know, our customers wear our products longer and more often than others, other brands.”
Donald Tang Sep 30, 2024 ▶ 24:51 Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings
Disclosure
Tang: SHEIN made a mistake by neglecting regulators when entering US
“Well, in the very beginning of the time that we paid more attention to the consumers, and I think to paying attention to stakeholders is a very important thing to do, and we should do it earlier and more often, and we still haven't done enough.”
Donald Tang Sep 30, 2024 ▶ 30:36 Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings
Disclosure
Tang: SHEIN launches styles in initial batches of 100-200 pieces
“It's not test. We actually make them, and we sell them. If you sell them well, you pump it up. If you don't sell them well, you know, you shut them down.”
Donald Tang Sep 30, 2024 ▶ 13:48 Donald Tang: How SHEIN Got So Big So Fast - The Fastest Growing Company in History | E1208 · 20VC with Harry Stebbings
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