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

Chinese private equity firms to take shoe giant Belle International private for US$6.8 billion

“Belle International is at a critical moment and needs to be transformed,” said Sheng Baijiao, the retailer’s chief executive. “It has become clear our traditional retail business model is in urgent need of integration with the digital economy.
Posted: April 28, 2017, 3:49 pm

Belle mulls proposal to privatize

Belle CEO Sheng Baijiao said the company had reached a tipping point. "Only with the combination of Belle's traditional sales model and the digital economy can the company seek sustained growth," Sheng said. "The joint offerers have the digital expertise ...
Posted: May 3, 2017, 12:12 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, 12:20 am
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