SHEIN invests $85m more under evoluSHEIN Roadmap

The additional fund will support its efforts for community empowerment globally.

SHEIN allocated an additional $85m to boost its efforts under the “Equitable Empowerment” pillar of its ESG roadmap, evoluSHEIN, which aims to improve the lives of people in communities.

In a statement, SHEIN said the additional funding will bring the total amount it invested for global community empowerment to $155m.

The pillar aims to create opportunities for people in the communities focused on aspiring designers, supplier communities, women, young people and the underprivileged.

“At SHEIN, we aim to empower our different stakeholder communities with the tools, capabilities and funding to improve and change lives, whether in their personal or professional capacity,” SHEIN COO Molly Miao said.

“This fund will support these communities to grow alongside SHEIN, towards a more equitable future,” she added.

Of the $155m, $50m will be allotted for aspiring designers, $70m will be for SHEIN’s manufacturing supplier community, and $35m will be reserved for women, young people, and the underprivileged.

Follow the link for more news on

Shein

Also Read

Walmart partners with Meituan to boost e-commerce in China

Competition for ultra-fast food delivery in India fiercer as demand grows

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit