Chinese shoe king dies unexpectedly


On the evening of November 27, Tony Hsieh, the founder of Zappos, an American shoe e-commerce, died in a fire at home.
Although Xie Jiahua’s name is still unfamiliar to many young Chinese people, it is widely known in the United States.
In the more than 20 years since the founding of Zappos, Xie Jiahua has led the company to make great progress. At present, it has become the world’s largest shoe e-commerce, with sales accounting for 1 / 4 of the U.S. footwear, known as “Amazon selling shoes”, and Xie Jiahua is also known as “Yang Zhiyuan No.2”.
Many early e-commerce practitioners in China were familiar with Zappos. In November 2009, Amazon spent $1.2 billion to complete the acquisition of Zappos, which ignited the development of shoe e-commerce in China.
In August 2020, Xie Jiahua resigned as CEO of Zappos and retired ahead of schedule. Before leaving office, Xie’s personal wealth was about $840 million.