admin Shein’s incubator program, launched in January 2021, had attracted 3000 designers and artists from over 20 countries to build their own brands.
Observing the result of their program in 2021, Shein was inspired again to invest in communities that need a investment.
In a statement recorded, Shein has pledged to invest US$85 million in the next five years to “empower” communities across the globe.
Specifically, the company will allocate US$70 million to support its manufacturing suppliers, US$50 million for designers, and US$35 million to women, young people, and underprivileged individuals.
The latest funding will be generated for the support of suppliers in Brazil, China, and Turkey in training and upskilling workers, as well as updating technology for production models.
“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,” said Molly Miao, chief operating officer at SHEIN. “This fund will support these communities to grow alongside SHEIN, towards a more equitable future.”
While Shein’s investment aims to empower designers, the brand has also been in the news as of late for ripping off designers and selling those designs for much cheaper.
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