News > Ambani's Reliance to launch IPO-bound Shein in India

Ambani's Reliance to launch IPO-bound Shein in India

Mukesh Ambani's Reliance Retail Ventures reportedly teamed up with the fashion brand last year and is likely to tap former Meta director Manish Chopra to head Shein's operations in India, a report said. Shein is expected to be paid a license fee as a share of the profit of the Indian firm. This move comes four years after Shein was banned from India as a part of a wider crackdown on some Chinese applications following border conflicts.