January 17, 2024

Drew Bernstein, co-founder and co-chair, Marcum Asia is quoted on CNBC.com regarding Shein’s business model.

China launches a security review of Shein. Here’s what it means for its IPO

CNBC.com

By Gabrielle Fonrouge and Deirdre Bosa

Drew Bernstein, co-founder and co-chair, Marcum Asia is quoted on CNBC.com regarding Shein’s business model.

Petikan

If Shein wasn’t a Chinese company, the retailer wouldn’t necessarily need Beijing’s permission to go public, said Drew Bernstein, the co-chairman of Marcum Asia and an expert in U.S. and Asian capital markets.

“By having zero exposure to Chinese consumers, they’re not likely to be viewed as a security sensitive company,” said Bernstein. “I think that [Shein] anticipated this and is well prepared.”

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