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| caption =
| caption =
| birth_name =
| birth_name =
| birth_date = 1963<ref>{{cite web |title=Donald W Tang from Beverly Hills, CA |url=https://nuwber.com/person/563a270a7686b0176bee4268 |website=Nuwber |access-date=November 29, 2023}}</ref>
| birth_date = 1964{{cn}}
| birth_place = [[Shanghai, China]]
| birth_place = [[Shanghai, China]]
| death_date =
| death_date =
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| known_for =
| known_for =
| networth =
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| title = Executive Chairman of [[Shein]]
| title = Executive Chairman of [[Shein|Shein Group]]
| term =
| term =
| predecessor =
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'''Donald Tang''' is an American [[Businessperson|businessman]]. He is the founder of Tang Media Partners and Global Road Entertainment.<ref>{{Cite web|url=https://deadline.com/2018/11/rob-friedman-global-road-ceo-exit-donald-tang-1202499135/|title=Rob Friedman Exits As Global Road Chairman/CEO
'''Donald Tang''' is an American [[Businessperson|businessman]]. He is executive chairman of [[Shein|Shein Group]], a global online on-demand fashion retailer. He is the former vice chairman of [[Bear Stearns]] and former chairman and CEO of Bear Stearns Asia.<ref>{{Cite web|url=https://committee100.org/aboutus/member_bio.php?member_id=83|title=Biography|website=committee100.org|access-date=2016-03-09|archive-url=https://web.archive.org/web/20160427233601/http://committee100.org/aboutus/member_bio.php?member_id=83|archive-date=2016-04-27|url-status=dead}}</ref> He also founded Tang Media Partners.
|last=Fleming|first=Mike|date=2018-11-09}}</ref> Tang is the former vice chairman of [[Bear Stearns]] and former chairman of Bear Stearns Asia.<ref>{{Cite web|url=https://committee100.org/aboutus/member_bio.php?member_id=83|title=Biography|website=committee100.org|access-date=2016-03-09|archive-url=https://web.archive.org/web/20160427233601/http://committee100.org/aboutus/member_bio.php?member_id=83|archive-date=2016-04-27|url-status=dead}}</ref> In November 2022, Tang joined Chinese fast-fashion brand [[Shein (company)|Shein]] as executive vice chairman.<ref name="forbes.com">{{Cite web |title=Chinese Fast Fashion Giant Shein Hires Former Bear Stearns Deal-Maker Ahead Of IPO | website=[[Forbes]] |url=https://www.forbes.com/sites/iainmartin/2022/11/02/chinese-fast-fashion-giant-shein-hires-former-bear-stearns-deal-maker-ahead-of-ipo/?sh=6f61bfe01d81 }}</ref> As of August 2023, he is executive chairman of Shein.<ref name="Shein letter"/>


==Early life and education==
==Early life and education==
Tang was born in [[Shanghai, China]], where his parents were college professors. At the age of 18, in 1982, he followed his girlfriend Jean to Los Angeles after she and her family immigrated to America. She is now his wife, and they both became U.S. citizens.<ref name="For Love"/> Working in a series of restaurant jobs to finance his education, Tang graduated from [[California State Polytechnic University, Pomona]], in 1986 with a chemical engineering degree.<ref>{{cite web|url=https://articles.latimes.com/2007/may/16/business/fi-tang16 |first=Evelyn|last=Iritani |title=Banker building East-West bridge|work=Los Angeles Times |date=2010-02-21 |access-date=2012-03-11}}</ref><ref name="For Love">{{Cite web|url = https://articles.latimes.com/2006/sep/03/opinion/oe-tang3|title=He came for love|first=Donald |last=Tang| date = 2006-09-03|work=Los Angeles Times|access-date = 2013-09-13}}</ref>
Tang was born in [[Shanghai, China]], where his parents were college professors. At the age of 18, in 1982, he followed his girlfriend Jean to Los Angeles after she and her family immigrated to America. After he arrived in Los Angeles, Jean and Donald married, and they both became U.S. citizens.<ref name="For Love"/> Working in a series of restaurant jobs to finance his education, Tang graduated from [[California State Polytechnic University, Pomona]], in 1986 with a chemical engineering degree.<ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2007-may-16-fi-tang16-story.html |first=Evelyn|last=Iritani |title=Banker building East-West bridge|work=Los Angeles Times |date=2010-02-21 |access-date=2012-03-11}}</ref><ref name="For Love">{{Cite web|url = https://www.latimes.com/archives/la-xpm-2006-sep-03-oe-tang3-story.html|title=He came for love|first=Donald |last=Tang| date = 2006-09-03|work=Los Angeles Times|access-date = 2013-09-13}}</ref>


==Career==
==Career==
===Finance career===
===Finance career===
Tang's career in finance began at [[Merrill Lynch|Merrill Lynch & Co.]] in 1987 on the institutional [[equity (finance)|equity]] sales team, later moving to Lehman Brothers and concentrating on fixed income institutional sales.<ref name="auto2">{{Cite web|url=http://www.qrigroup.com/donald-tang|title=Donald Tang |website=Quantum Reservoir Impact|access-date=2016-03-24|archive-url=https://web.archive.org/web/20160329165445/http://www.qrigroup.com/donald-tang|archive-date=2016-03-29|url-status=dead}}</ref> He joined Bear, Stearns & Co. Inc. in 1992 in [[Los Angeles]] as senior managing director of investment banking.<ref name="auto2"/> In 1993, he was appointed president and chief executive officer of Bear Stearns Asia and moved to its [[Hong Kong]] office, subsequently being named chairman of Bear Stearns Asia.<ref name="auto1">{{Cite web|url=http://www.chicagobusiness.com/article/20001104/PAGES/808/40-under-40-2000-tang|title=40 Under 40 2000: Tang|website=Crain's Chicago Business|date=4 November 2000|access-date=2016-03-24}}</ref> From 1993 to 1999, he built up its Asian operations, opening offices in [[China]] and [[Singapore]].<ref name="PEI">{{cite web |last1=Choo |first1=Yvette |title=Report: Donald Tang to start merchant bank |url=https://www.privateequityinternational.com/report-donald-tang-to-start-merchant-bank/ |website=Private Equity International |access-date=November 28, 2023 |date=October 2, 2008}}</ref> While in Hong Kong, Tang was elected to the board of directors of Bear Stearns & Co. in 1997.<ref name="auto2"/>
Tang's career in finance began at [[Merrill Lynch|Merrill Lynch & Co.]] in 1987 on the institutional [[equity (finance)|equity]] sales team, later moving to Lehman Brothers and concentrating on fixed income institutional sales.<ref name="auto2">{{Cite web|url=http://www.qrigroup.com/donald-tang|title=Donald Tang |website=Quantum Reservoir Impact|access-date=2016-03-24|archive-url=https://web.archive.org/web/20160329165445/http://www.qrigroup.com/donald-tang|archive-date=2016-03-29|url-status=dead}}</ref> He joined [[Bear Stearns]] in 1992 in [[Los Angeles]] as senior managing director of investment banking.<ref name="auto2"/> In 1993, he was appointed president and chief executive officer of Bear Stearns Asia and moved to its [[Hong Kong]] office, subsequently being named chairman of Bear Stearns Asia.<ref name="auto1">{{Cite web|url=http://www.chicagobusiness.com/article/20001104/PAGES/808/40-under-40-2000-tang|title=40 Under 40 2000: Tang|website=Crain's Chicago Business|date=4 November 2000|access-date=2016-03-24}}</ref> From 1993 to 1999, he built up its Asian operations, opening offices in [[China]] and [[Singapore]].<ref name="PEI">{{cite web |last1=Choo |first1=Yvette |title=Report: Donald Tang to start merchant bank |url=https://www.privateequityinternational.com/report-donald-tang-to-start-merchant-bank/ |website=Private Equity International |access-date=November 28, 2023 |date=October 2, 2008}}</ref> While in Hong Kong, Tang was elected to the board of directors of Bear Stearns & Co. in 1997.<ref name="auto2"/>


In March 1999, Tang moved to Chicago and managed the Bear Stearns Midwest Region.<ref name="auto2"/> In 2001, he was elected vice chairman of the Bear Stearns board of directors.<ref name="auto2"/> Later in 2001 he was transferred to Los Angeles,<ref name="PEI"/> with a dual mandate to both manage its West Coast operations and, as chairman and CEO of Bear Stearns Asia, to supervise all activity in Asia.<ref>{{cite web |last1=Barnett |first1=Robert |title=USC Conference Examines China’s Influence |url=https://test1.usc.edu/25950/usc-conference-examines-china-s-influence/ |website=[[University of Southern California]] |access-date=November 28, 2023 |date=April 25, 2005}}</ref> In 2003, Tang was appointed chairman and president of Bear Stearns International Holdings.<ref>{{cite web |title=ACG Los Angeles Shows That There’s No Business Like the M&A Business |url=https://www.themiddlemarket.com/news/acg-los-angeles-shows-that-theres-no-business-like-the-m-a-business |website=themiddlemarket.com |access-date=November 28, 2023 |date=December 2, 2006}}</ref>
In March 1999, Tang moved to Chicago and managed the Bear Stearns Midwest Region.<ref name="auto2"/> In 2001, he was elected vice chairman of the Bear Stearns board of directors.<ref name="auto2"/> Later in 2001 he was transferred to Los Angeles,<ref name="PEI"/> with a dual mandate to both manage its West Coast operations and, as chairman and CEO of Bear Stearns Asia, to supervise all activity in Asia.<ref>{{cite web |last1=Barnett |first1=Robert |title=USC Conference Examines China’s Influence |url=https://test1.usc.edu/25950/usc-conference-examines-china-s-influence/ |website=[[University of Southern California]] |access-date=November 28, 2023 |date=April 25, 2005}}</ref> In 2003, Tang was appointed chairman and president of Bear Stearns International Holdings.<ref>{{cite web |title=ACG Los Angeles Shows That There’s No Business Like the M&A Business |url=https://www.themiddlemarket.com/news/acg-los-angeles-shows-that-theres-no-business-like-the-m-a-business |website=themiddlemarket.com |access-date=November 28, 2023 |date=December 2, 2006}}</ref>
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Tang advised an arm of the [[CITIC Group]] during its $1.15 billion acquisition of Nations Energy in [[Kazakhstan]].<ref name="Beijing approval"/> He led the Bear Stearns team representing Hunan Valin Group, a Chinese steel company, when it sold a 37 percent stake to [[Mittal Steel]] (now ArcelorMittal) in what was then the largest acquisition by an international strategic investor of a Chinese-listed firm.<ref>{{Cite news|url=https://www.wsj.com/articles/SB114566411636133077|title=The Man Behind Bear Stearns' Foray Into Asia Markets |last=Sender|first=Henny|access-date=2016-03-24}}</ref><ref name="Beijing approval">{{cite news |last1=Sender |first1=Henny |title=Tang unsure of Beijing approval of Citic deal |url=https://www.ft.com/content/35d7e568-9d3d-11dc-af03-0000779fd2ac |access-date=November 28, 2023 |work=[[Financial Times]] |date=November 27, 2007}}</ref>
Tang advised an arm of the [[CITIC Group]] during its $1.15 billion acquisition of Nations Energy in [[Kazakhstan]].<ref name="Beijing approval"/> He led the Bear Stearns team representing Hunan Valin Group, a Chinese steel company, when it sold a 37 percent stake to [[Mittal Steel]] (now ArcelorMittal) in what was then the largest acquisition by an international strategic investor of a Chinese-listed firm.<ref>{{Cite news|url=https://www.wsj.com/articles/SB114566411636133077|title=The Man Behind Bear Stearns' Foray Into Asia Markets |last=Sender|first=Henny|access-date=2016-03-24}}</ref><ref name="Beijing approval">{{cite news |last1=Sender |first1=Henny |title=Tang unsure of Beijing approval of Citic deal |url=https://www.ft.com/content/35d7e568-9d3d-11dc-af03-0000779fd2ac |access-date=November 28, 2023 |work=[[Financial Times]] |date=November 27, 2007}}</ref>


Under Tang's leadership, Bear Stearns Asia was the financial advisor to the telecommunications giant [[China Mobile]] and jointly led its secondary offering. Bear Stearns was the financial advisor and co-lead manager for the IPO of China Telecom.<ref>{{Cite news|url=http://www.ft.com/intl/cms/s/0/e758f45e-2120-11e3-8aff-00144feab7de.html#axzz43mKbBcED|title=Finance: Plugged into the party|last1=Sender|first1=Henny|date=2013-11-07|last2=Mitchell|first2=Tom|newspaper=Financial Times|issn=0307-1766|access-date=2016-03-24}}</ref> Bear Stearns Asia under Tang was also the financial advisor for Guangshen Railway Co Ltd.,<ref>{{Cite web|url=https://webb-site.com/dbpub/advisers.asp?p=4853|title=Advisers of: GUANGSHEN RAILWAY COMPANY LIMITED|website=webb-site.com|access-date=2016-03-24}}</ref> Beijing Yanhua Petrochemical Ltd.,<ref>{{Cite web|url=https://webb-site.com/dbpub/advisers.asp?p=4770|title=Advisers of: Sinopec Beijing Yanhua Petrochemical Company Limited|website=webb-site.com|access-date=2016-03-24}}</ref> and [[Yanzhou Coal Mining Company|Yanzhou Coal Mining Co Ltd.]],<ref>{{Cite web|url=http://www.stocksmart.com/ri/co.g?cid=24603|title=Company Page - Yanzhou Coal Mining Co Ltd|website=Stock Smart|access-date=2016-03-24|archive-url=https://web.archive.org/web/20160404154942/http://www.stocksmart.com/ri/co.g?cid=24603|archive-date=2016-04-04|url-status=dead}}</ref> arranging pioneering financial transactions in their respective industries.
Under Tang's leadership, Bear Stearns Asia was the financial advisor to the telecommunications giant [[China Mobile]] and jointly led its secondary offering.<ref>{{cite web |title=China Telecommunications Split Official |url=http://www.china.org.cn/english/BAT/32782.htm |website=[[China Internet Information Center]] |access-date=December 1, 2023 |date=May 17, 2002}}</ref><ref>{{cite news |last1=Berry |first1=Kate |last2=Darmiento |first2=Laurence |title=Building Relationships to Ease Entry to Massive Market |url=https://labusinessjournal.com/news/building-relationships-to-ease-entry-to-massive/ |access-date=December 1, 2023 |work=[[Los Angeles Business Journal]] |date=October 24, 2004}}</ref> Bear Stearns was the financial advisor and co-lead manager for the IPO of China Telecom.<ref>{{Cite news|url=http://www.ft.com/intl/cms/s/0/e758f45e-2120-11e3-8aff-00144feab7de.html#axzz43mKbBcED|title=Finance: Plugged into the party|last1=Sender|first1=Henny|date=2013-11-07|last2=Mitchell|first2=Tom|newspaper=Financial Times|issn=0307-1766|access-date=2016-03-24}}</ref> Bear Stearns Asia under Tang was also the financial advisor for Guangshen Railway Co Ltd.,<ref>{{Cite web|url=https://webb-site.com/dbpub/advisers.asp?p=4853|title=Advisers of: GUANGSHEN RAILWAY COMPANY LIMITED|website=webb-site.com|access-date=2016-03-24}}</ref> Beijing Yanhua Petrochemical Ltd.,<ref>{{Cite web|url=https://webb-site.com/dbpub/advisers.asp?p=4770|title=Advisers of: Sinopec Beijing Yanhua Petrochemical Company Limited|website=webb-site.com|access-date=2016-03-24}}</ref> and [[Yanzhou Coal Mining Company|Yanzhou Coal Mining Co Ltd.]],<ref>{{Cite web|url=http://www.stocksmart.com/ri/co.g?cid=24603|title=Company Page - Yanzhou Coal Mining Co Ltd|website=Stock Smart|access-date=2016-03-24|archive-url=https://web.archive.org/web/20160404154942/http://www.stocksmart.com/ri/co.g?cid=24603|archive-date=2016-04-04|url-status=dead}}</ref> arranging financial transactions in their respective industries.


===Career in media===
===Career in media===
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===Shein===
===Shein===
In November 2022, Tang joined fast-fashion brand [[Shein (company)|Shein]] as executive vice chairman, after having served as advisor to the company's CEO and cofounder Chris Xu for over a year.<ref name="forbes.com"/> He was appointed to help oversee strategy and to help Shein become more attractive to international investors in advance of a possible [[initial public offering]] on the U.S. stock market.<ref name="forbes.com"/><ref>{{cite news |last1=Semuels |first1=Alana |title=A Top Shein Exec on That Influencer Trip Fiasco |url=https://time.com/6294934/shein-donald-tang-interview/ |access-date=October 24, 2023 |work=[[Time (magazine)|Time]] |date=July 16, 2023}}</ref>
In November 2022, Tang joined global online on-demand fashion retailer [[Shein|Shein Group]] as executive vice chairman, after having served as advisor to the company's CEO and cofounder Chris Xu (Sky Xu) for over a year.<ref name="forbes.com">{{Cite web |title=Chinese Fast Fashion Giant Shein Hires Former Bear Stearns Deal-Maker Ahead Of IPO | website=[[Forbes]] |url=https://www.forbes.com/sites/iainmartin/2022/11/02/chinese-fast-fashion-giant-shein-hires-former-bear-stearns-deal-maker-ahead-of-ipo/?sh=6f61bfe01d81 }}</ref><ref>{{cite news |last1=Semuels |first1=Alana |title=A Top Shein Exec on That Influencer Trip Fiasco |url=https://time.com/6294934/shein-donald-tang-interview/ |access-date=October 24, 2023 |work=[[Time (magazine)|Time]] |date=July 16, 2023}}</ref>


As of August 2023, Tang is executive chairman of Shein.<ref name="Shein letter">{{cite web |title=SHEIN and SPARC Group Join in a Strategic Partnership |url=https://sheingroup.com/corporate-news/shein-and-sparc-group-join-in-a-strategic-partnership/ |website=[[Shein]] |access-date=October 24, 2023 |date=August 24, 2023}}</ref><ref>{{cite news |last1=Faithfull |first1=Mark |title=Shein U.S. Takes Major Step Teaming Up With Forever 21 Parent Company |url=https://www.forbes.com/sites/markfaithfull/2023/08/24/shein-us-takes-major-step-teaming-up-with-forever-21-parent-company/ |access-date=October 24, 2023 |work=Forbes |date=August 24, 2023}}</ref> Under his stewardship, Shein and SPARC group entered into an agreement to expand Shein's retail reach.<ref>{{cite web |last1=Lewis |first1=Robin |title=Will Forever 21 Drag Down Shein? |url=https://www.therobinreport.com/will-forever-21-drag-down-shein/ |website=The Robin Report |access-date=October 24, 2023 |date=August 31, 2023}}</ref><ref>{{cite news |last1=Rothenberg |first1=Eva |title=Shein partners with Forever 21 in fast-fashion deal that will expand reach of both companies |url=https://edition.cnn.com/2023/08/25/business/shein-forever-21-deal/index.html |access-date=October 24, 2023 |work=CNN Business |date=August 25, 2023}}</ref>
As of August 2023, Tang is executive chairman of Shein Group.<ref name="Shein letter">{{cite web |title=SHEIN and SPARC Group Join in a Strategic Partnership |url=https://sheingroup.com/corporate-news/shein-and-sparc-group-join-in-a-strategic-partnership/ |website=[[Shein]] |access-date=October 24, 2023 |date=August 24, 2023}}</ref><ref>{{cite news |last1=Faithfull |first1=Mark |title=Shein U.S. Takes Major Step Teaming Up With Forever 21 Parent Company |url=https://www.forbes.com/sites/markfaithfull/2023/08/24/shein-us-takes-major-step-teaming-up-with-forever-21-parent-company/ |access-date=October 24, 2023 |work=Forbes |date=August 24, 2023}}</ref> Under his stewardship, Shein and SPARC group entered into an agreement to expand Shein's retail reach.<ref>{{cite web |last1=Lewis |first1=Robin |title=Will Forever 21 Drag Down Shein? |url=https://www.therobinreport.com/will-forever-21-drag-down-shein/ |website=The Robin Report |access-date=October 24, 2023 |date=August 31, 2023}}</ref><ref>{{cite news |last1=Rothenberg |first1=Eva |title=Shein partners with Forever 21 in fast-fashion deal that will expand reach of both companies |url=https://edition.cnn.com/2023/08/25/business/shein-forever-21-deal/index.html |access-date=October 24, 2023 |work=CNN Business |date=August 25, 2023}}</ref>

==Board memberships==
Tang is a former member of the boards of trustees of [[Los Angeles County Museum of Art]] (LACMA),<ref>{{cite news |last1=Boehm |first1=Mike |title=A younger slant on LACMA board |url=https://www.latimes.com/archives/la-xpm-2005-feb-04-et-lacma4-story.html |access-date=March 19, 2024 |work=Los Angeles Times |date=February 4, 2005}}</ref>
[[California Institute of Technology]],<ref>{{Cite web|url=https://www.caltech.edu/content/trustee-list|title=Trustee List {{!}} Caltech|website=The California Institute of Technology|access-date=2016-03-24|archive-url=https://web.archive.org/web/20160328035035/http://www.caltech.edu/content/trustee-list|archive-date=2016-03-28|url-status=dead}}</ref> [[UCLA Medical Center]],<ref>{{cite web |url=https://www.worldretailcongress.com/speakers/donald-tang |title=Donald Tang |access-date=March 19, 2024 |website=World Retail Congress}}</ref> and [[RAND Corporation]].<ref>{{Cite web|url=http://www.rand.org/news/press/2007/11/19/index1.html|title=RAND Corporation Board of Trustees Elects Three New Members; Names First Trustee Emeritus |publisher= RAND|access-date=2016-03-24}}</ref>

He is a former member of the board of councilors of [[USC Annenberg School for Communication and Journalism]].<ref>{{cite web|url=http://uscpublicdiplomacy.org/event/2313 |title=High Level Delegation From China Visits USC to Discuss Public Diplomacy |website=[[USC Center on Public Diplomacy]] |archive-url=https://web.archive.org/web/20160407060551/http://uscpublicdiplomacy.org/event/2313 |archive-date=April 7, 2016 |date=2007 |url-status=dead}}</ref>


==References==
==References==
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[[Category:Merrill (company) people]]
[[Category:Merrill (company) people]]
[[Category:Members of Committee of 100]]
[[Category:Members of Committee of 100]]
[[Category:1964 births]]
[[Category:1963 births]]

Latest revision as of 01:42, 15 August 2024

Donald Tang
Born1963[1]
Shanghai, China
NationalityAmerican
Alma materCalifornia State Polytechnic University, Pomona
OccupationBusinessman
TitleExecutive Chairman of Shein Group

Donald Tang is an American businessman. He is executive chairman of Shein Group, a global online on-demand fashion retailer. He is the former vice chairman of Bear Stearns and former chairman and CEO of Bear Stearns Asia.[2] He also founded Tang Media Partners.

Early life and education

[edit]

Tang was born in Shanghai, China, where his parents were college professors. At the age of 18, in 1982, he followed his girlfriend Jean to Los Angeles after she and her family immigrated to America. After he arrived in Los Angeles, Jean and Donald married, and they both became U.S. citizens.[3] Working in a series of restaurant jobs to finance his education, Tang graduated from California State Polytechnic University, Pomona, in 1986 with a chemical engineering degree.[4][3]

Career

[edit]

Finance career

[edit]

Tang's career in finance began at Merrill Lynch & Co. in 1987 on the institutional equity sales team, later moving to Lehman Brothers and concentrating on fixed income institutional sales.[5] He joined Bear Stearns in 1992 in Los Angeles as senior managing director of investment banking.[5] In 1993, he was appointed president and chief executive officer of Bear Stearns Asia and moved to its Hong Kong office, subsequently being named chairman of Bear Stearns Asia.[6] From 1993 to 1999, he built up its Asian operations, opening offices in China and Singapore.[7] While in Hong Kong, Tang was elected to the board of directors of Bear Stearns & Co. in 1997.[5]

In March 1999, Tang moved to Chicago and managed the Bear Stearns Midwest Region.[5] In 2001, he was elected vice chairman of the Bear Stearns board of directors.[5] Later in 2001 he was transferred to Los Angeles,[7] with a dual mandate to both manage its West Coast operations and, as chairman and CEO of Bear Stearns Asia, to supervise all activity in Asia.[8] In 2003, Tang was appointed chairman and president of Bear Stearns International Holdings.[9]

Tang advised an arm of the CITIC Group during its $1.15 billion acquisition of Nations Energy in Kazakhstan.[10] He led the Bear Stearns team representing Hunan Valin Group, a Chinese steel company, when it sold a 37 percent stake to Mittal Steel (now ArcelorMittal) in what was then the largest acquisition by an international strategic investor of a Chinese-listed firm.[11][10]

Under Tang's leadership, Bear Stearns Asia was the financial advisor to the telecommunications giant China Mobile and jointly led its secondary offering.[12][13] Bear Stearns was the financial advisor and co-lead manager for the IPO of China Telecom.[14] Bear Stearns Asia under Tang was also the financial advisor for Guangshen Railway Co Ltd.,[15] Beijing Yanhua Petrochemical Ltd.,[16] and Yanzhou Coal Mining Co Ltd.,[17] arranging financial transactions in their respective industries.

Career in media

[edit]

In 2012, Tang facilitated the deal that resulted in Dalian Wanda, a leading Chinese conglomerate, acquiring AMC Entertainment Holdings for $2.6 billion.[18]

In 2015, he founded Tang Media Partners (TMP), a media holding company based in Los Angeles and Shanghai.[19][20] In June 2016, Tang Media Partners acquired majority ownership of the international film, television, and music production sales and distribution company IM Global,[21] and announced a partnership involving IM Global and China's social media giant Tencent to form a new television production joint venture called IM Global TV.[21] In 2017, Tang Media Partners purchased the U.S. motion picture distributor Open Road Films from AMC and Regal,[22] and created Global Road Entertainment as an operating unit incorporating Open Road, IM Global, and IM Global TV.[23]

Shein

[edit]

In November 2022, Tang joined global online on-demand fashion retailer Shein Group as executive vice chairman, after having served as advisor to the company's CEO and cofounder Chris Xu (Sky Xu) for over a year.[24][25]

As of August 2023, Tang is executive chairman of Shein Group.[26][27] Under his stewardship, Shein and SPARC group entered into an agreement to expand Shein's retail reach.[28][29]

Board memberships

[edit]

Tang is a former member of the boards of trustees of Los Angeles County Museum of Art (LACMA),[30] California Institute of Technology,[31] UCLA Medical Center,[32] and RAND Corporation.[33]

He is a former member of the board of councilors of USC Annenberg School for Communication and Journalism.[34]

References

[edit]
  1. ^ "Donald W Tang from Beverly Hills, CA". Nuwber. Retrieved November 29, 2023.
  2. ^ "Biography". committee100.org. Archived from the original on 2016-04-27. Retrieved 2016-03-09.
  3. ^ a b Tang, Donald (2006-09-03). "He came for love". Los Angeles Times. Retrieved 2013-09-13.
  4. ^ Iritani, Evelyn (2010-02-21). "Banker building East-West bridge". Los Angeles Times. Retrieved 2012-03-11.
  5. ^ a b c d e "Donald Tang". Quantum Reservoir Impact. Archived from the original on 2016-03-29. Retrieved 2016-03-24.
  6. ^ "40 Under 40 2000: Tang". Crain's Chicago Business. 4 November 2000. Retrieved 2016-03-24.
  7. ^ a b Choo, Yvette (October 2, 2008). "Report: Donald Tang to start merchant bank". Private Equity International. Retrieved November 28, 2023.
  8. ^ Barnett, Robert (April 25, 2005). "USC Conference Examines China's Influence". University of Southern California. Retrieved November 28, 2023.
  9. ^ "ACG Los Angeles Shows That There's No Business Like the M&A Business". themiddlemarket.com. December 2, 2006. Retrieved November 28, 2023.
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