Taobao remains the top mobile shopping platform (693 million) in China in April 2020 by total unique users across mobile apps and mini programs on WeChat, Baidu, and Alipay. Pinduoduo, JD, Jingxi, and Vipshop ranks 2nd to 5th. Jingxi was launched in 2019 by JD to take on Pinduoduo on lower-tier cities while Taobao launched […]
Vipshop (vip.com) News & Statistics
Vipshop (VIP.com), a NYSE-listed company, is China's leading online discount retailer for brands considered as the largest flash sale website.
Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners.
Vipshop is China's first profitable B2C online retailer. Its primary business strategy is to partner with popular and well-known brands by selling their excess inventory at discount prices. Vipshop has established a dominant leadership position in China’s online discount retail market.
Vipshop ranked the 421th in Fortune China 500 list in 2014, the fourth among China internet companies after Jingdong, Tencent, and Baidu.
Vipshop’s GMV for the fourth quarter of 2019 increased by 14% year over year to RMB 47.6 billion from RMB 41.8 billion in Q4 2018. GMV for the full year of 2019 increased by 13% year over year to RMB 148.2 billion from RMB131.0 billion in 2018.
Vipshop (NYSE: VIPS), a leading online discount retailer for brands in China, reported 17% YoY growth in GMV to RMB 31.7 billion (US$4.51 billion) for the third quarter ended September 30, 2019. The number of active customers of Vipshop for Q3 2019 increased by 21% year over year to 32.0 million from 26.5 million in […]
Vipshop’s total net revenue for the second quarter of 2019 increased by 9.7% year over year to RMB22.7 billion (US$3.3 billion) from RMB20.7 billion in the prior-year period, primarily driven by the growth in the number of total active customers, according to its official financial results.
Vipshop, China’s leading online discount retailer for brands, announced its unaudited financial results for the first quarter ended March 31, 2019.
In 2018, Vipshop generated US$19.47bn in GMV from 60.5 million active customers who altogether placed 437.4 million orders. Total net revenue reached US$12.3bn.
In China, the online retail B2C e-commerce grew by 28.4% to a US$226.38bn market in Q4 2018. Tmall took the lead, followed by JD, Suning, Vipshop, and Gome.
China’s cross-border import retail e-commerce market totaled US$12.14 billion in Q3 2018 with a negative growth of 16.2% quarter-on-quarter. The top platforms Tmall Global, NetEase Kaola kept expanding while both JD Worldwide and Vipshop Global saw a slight decline. China’s cross-border import retail e-commerce market reached 84.26 billion yuan (US$12.14 bn) in Q3 2018, a decline […]
Vipshop’s total active customers grew by 11% year-on-year to 26.5 million in Q3 2018, which was 29.8 million in Q2 2018. The number of new customers from Tencent and JD.com accounted for approximately 22% of Vipshop’s total new customers.
The Double 11 rising on the popularity of China Singles’ Day (Nov 11) is growing bigger every year. Top e-commerce players all saw record-breaking sales on this very day. Sales on Tmall reached 10 billion yuan in 00:02:05, sales on NetEase Kaola exceeded 100 million yuan in 00:03:49, and GMV on Suning exceeded 100 million […]
In consumption, the gender lines are blurring these days. More female consumers in China like digital products and outdoor fitness equipment while more male tend to favor skincare and healthcare products. It’s trending among young consumers in China based on sales data from JD.com and Vipshop. Top Cosmetic & Skincare Products by Vipshop male buyers Proportion […]
Vipshop’s total active customers grew by 6% year-on-year to 29.8 million in Q2 2018. 85% of customers were repeat customers and approximately 96% of orders were placed by repeat customers, according to its unaudited financial results for Q2 2018.
The GMV of China’s online retail B2C market totaled 952.85 billion yuan (US$148.18 billion) in Q1 2018, up by 32.2% from Q1 2017. In Q1 2018, Tmall GMV up by 41.2% over Q1 2017, taking the largest market share of 59.6% in China’s retail e-commerce sales. JD.com was next with a share of 25.3% and GMV […]
Vipshop, one of the top cross-border e-commerce retail platforms in China, had the net revenue of RMB19.9 billion (US$3.2 billion) in Q1 2018 according to its unaudited financial results, up 24.6% over Q1 2017, primarily driven by the improvement in the average revenue per customer. Gross profit grew by 8.5% year-on-year to RMB4.0 billion (US$639.2 […]
China online retail market totaled 1,974.59 billion yuan (US$311.69 billion) with an increase of 41% YoY in Q4 2017 according to data from Analysis. China’s B2C online retail market reached 1,189.35 billion yuan (US$187.74 billion) with an increase of 43.2%.