Chris Xu

Chris Xu founded Shein in 2012 and has turned it into a fast-fashion phenomenon with Gen Z, selling trendy clothes in more than 150 countries.

Backed by Sequoia China, it's one of the world's most popular shopping apps whose users love its low prices.

The company raised money at a valuation of $100 billion in the first half of 2022; it subsequently fell back amid a global stock rout.

In 2022, Shein opened its first U.S. distribution center in Whitestown, Indiana and its first Canadian one in the greater Toronto area.

The company ventured offline in 2023, teaming up with Sparc Group, the operator of fast fashion chain Forever 21, to step into the retailer's locations across the U.S.