Shein touted as model unicorn in China’s ‘new quality productive force’ push, IPO unclear

Quick Summary:

Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.

Suppliers frequently visit Shein’s Innovation Research Centre, where they receive training in fabric inspection, sewing, quality control and production management.

As a result, the company’s excess-inventory rates have dropped to single digits, compared to an industry average of 50 per cent.

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Article Details

Author / Journalist: Wency Chen

Category: Technology

Markets: Hong KongChina

Topics: Quality Innovation Company Featured Production Model Technology Growth Shein Fast-fashion News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 09:00:17 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23459792

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