The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 27 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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.”
Tang: SHEIN is pursuing an IPO to embrace public diligence and oversight
“We wanted to embrace public diligence.”
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.”
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.”
Plantenga: Temu and Shein ad spending does not hurt Vinted's growth
“Timo Shine are spending money to attract buyers, and every Timo Shine buyer can become a vintage seller, and we're spending money to attract sellers of second-hand clothing. So for us, we're kind of like, just out of that storm. Like, so, so that storm just pa…”
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.”
Tang: SHEIN is expanding beyond apparel into electronics and home appliances
“So these apparel things, we do make everything, not everything, most of the things we sell. But if it's a refrigerator, if it's a whole bunch of other things and electronics, so we're kind of getting into that.”
Tang: SHEIN's Core Brand Proposition Is Choice, Not Cheapness
“We like to think our brand is selling for choices.”
Tang: SHEIN is an on-demand fashion company, not fast fashion
“I repeatedly calling us, ah, on demand fashion company, because we, you know, I think the image of fashion, Conjures up the change. If you have change, and you have too fast of a change, that kind of represents fickleness and if you change your mind before you…”
Tang: Excellence in work and parenting simultaneously is nearly impossible
“Probably impossible unless you are extremely lucky. No, human being, we're not machines. We don't allocate just perfectly.”
Plantenga: Shipping efficiency drives fashion industry transformation over marketing
“When you look at the fundamentals that completely changed the fashion industry over, let's say the last hundred years, then it's actually the people who consistently found new levels of efficiency in production and shipping. So the non-obvious is that shipping…”
Shein accounted for roughly 90% of Airwallex's business in 2018
“Well, it's kind of 90% of the business at a time.”
Tang: Global business success requires operating as a local community business
“If you want your business to thrive on a global scale, you have to become a local community business.”
Tang: All SHEIN suppliers must use SHEIN's supply chain software
“We have exclusive suppliers. We also have non-exclusive suppliers. But all of them, if you want to onboard with us, you have to be on our supply chain software platform.”
Donald Tang: SHEIN Operates as a Grassroots Movement via Micro-Influencers
“I think we are a grassroots business or you can call it grassroots movement company. And you know, every time you have grassroots and you would like to have some grass tops you know, that's what we've got. And they have intimate relationship with The group of …”
Donald Tang: SHEIN scales globally by automating localized product strategies
“We sell different things differently to different people in different countries. So, and then the trick obviously to automate everything.”
Tang: SHEIN does more business in rural UK than in London
“We do a lot more business in the rural areas, villages in UK than London, for example, and Paris, and the like, and America.”
Taussig: Temu and Shein directly compete with H&M and Zara
“I mean, they're really competing against H and M and a lot of fast fashion Zara, like the fast fashion companies.”
Tang: SHEIN has established a massive customer following in Saudi Arabia
“By the way, we have a huge, very, very grateful that we have a very good following in Saudi Arabia, for example.”