Sheng Baijiao Net Worth is$780 Million
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Sheng Baijiao Net Worth: Sheng Baijiao is a Chinese businessman who has a net worth of $780 million. A newcomer to the billionaires list, Sheng Baijiao serves as the CEO of Belle Holding, the biggest retailer of women's footwear in China. With more than 12,000 outlets for ladies' feet coverings, Belle also sells sportswear at 5,400 stores. While China's sportswear industry was dogged last year by high inventories, investors made Belle's shares rise on expectations of improved business in 2013.

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Sheng Baijiao Latest News

Hillhouse, CDH-led group offers to buy Belle International in $6.8 billion deal

“A fundamental transformation is necessary in order for the company to compete effectively and solidify its long-term leadership in the Chinese ladies footwear market,” CEO Sheng Baijiao said in the filing. Hillhouse and CDH joined with Yu Wu and Sheng ...
Posted: April 28, 2017, 5:00 am

Nike, Adidas China distributor Belle warns economy's sag means 2 lean years

Chief Executive Sheng Baijiao said Belle expects strong brand recognition to help lift same-store sportswear sales by a high-single digit percentage this fiscal year, compared with 6 percent last year. Sales at its footwear division, including affordable ...
Posted: May 27, 2014, 2:20 am

Belle says sluggish economy to bring 2-year profit squeeze

China's top shoe retailer Belle International Holdings Ltd said it expects sluggish ... "The macroeconomic outlook for the next two years is not optimistic," chief executive officer Sheng Baijiao said in a filing to the Hong Kong bourse late on Monday.
Posted: May 27, 2014, 7:49 pm
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