Chinese fast-fashion giant Shein has hired former Bear Stearns investment banker Donald Tang as executive vice chairman as the company considers an IPO, Forbes reported on Wednesday. The report added that Tang has already worked as an advisor for Shein’s CEO and co-founder, Chris Xu, for more than a year. Tang is known for supporting several international investors to make major deals in China. Bloomberg reported previously this year that Shein plans a US listing as soon as 2024, with Reuters saying Xu has become a permanent resident of Singapore in the hopes of bypassing China’s tougher rules for Chinese companies listing overseas. ESG issues faced by the Sequoia Capital China-backed company could yet be a stumbling block for an IPO, however, Bloomberg reported in July, with Shein continuously receiving criticism from sustainable shopping groups over its textile waste and environmental impact. The Nanjing-based company was valued at $100 billion in its latest fundraising round in April. [Forbes]