Chinese famous discount store operator: VIP Holdings Limited (VIPS)

Vipshop Holdings Limited (NYSE: VIPS) was founded in 2008, Headquartered in China Guangzhou, with 6815 full-time employees, is a website specializing in special sales. It provides Chinese consumers with authentic brand goods at a discount price significantly lower than retail prices, including fashion, skin care products, bags, home textiles, leather goods, accessories, perfume, etc.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Vipshop Holdings Limited (VIPS)

Vipshop (NYSE: VIPS) is a Chinese online shopping website operated by Guangzhou Vipshop Information Technology Co., Ltd. and Vipshop (China) Co., Ltd. to sell clothes Cosmetics It focuses on the sales of small household appliances, toys, daily necessities and other commodities. Headquartered in Guangzhou, China, it has branches or logistics warehouses in Shanghai, Tianjin, Chengdu, Zhaoqing and Wuhan. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Vipshop Information Technology Co., Ltd. (VIPS) was founded in August 2008, headquartered in Guangzhou, and its website was launched on December 8 of the same year. Vipshop's main business is to sell brand discount goods online, covering various categories such as famous clothing, shoes and bags, beauty makeup, mother and baby, and home. On March 23, 2012, Vipshop was in the United States New York stock exchange (NYSE) is listed. At present, Vipshop has become China's successor Ali 、 JD.COM 、 Pinduoduo The fourth largest e-commerce after that. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Vipshop has created an innovative e-commerce model of "famous brand discount+limited time rush purchase+genuine product guarantee" in China, and continues to deepen into the genuine product special sale model of "selected brands+deep discount+limited time rush purchase". This model is vividly known as "Online Outlets". Vipshop will launch more than 500 authentic brand specials at 10 a.m. and 8 p.m. every day, and implement three-day flash purchase with discounts as low as 10%, bringing consumers a cost-effective shopping experience of "online shopping". The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Vipshop is divided into three departments, Vip.com, Shan Shan Outlets and Others. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Vipshop provides women's clothing, men's clothing, sportswear, shoes and bags, accessories, baby and children's products, skin care and cosmetics, household and other lifestyle products and supermarket goods. It also provides online finance Services, including consumer and supplier financing. In addition, Vipshop is also engaged in warehousing services, retail business, product procurement and Software Development and IT support activities. Vipshop provides its brand products through its vip.com and vipshop.com online platforms and retail stores. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Similar foreign companies are British Farfetch Ltd. And American TheRealReal Inc. Etc. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

Vipshop data The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/vips.html

• The total number of active users of Vipshop in 2021 will be 93.9 million
• There are more than 41000 brands in total, and more than 6000 domestic and foreign brands in depth cooperation
• Brand authorization, direct purchase from the place of origin, full link self support, 100% authentic products guaranteed
• Vipshop has more than 300 million registered members
• Deloitte released the report "2022 Global Retail Power": Vipshop was listed in the top 250 global retailers, ranking 67th, and was also included in the list of 50 retailers with the highest growth rate in the world

Vipshop Holdings Limited (VIPS) Historical Encyclopedia

• In October 2010 and May 2011, Vipshop was awarded DCM and Sequoia Capital Venture capital of 20 million US dollars and 50 million US dollars.
• On March 23, 2012, Vipshop was listed on the New York Stock Exchange, becoming the first in South China to be listed on the New York Stock Exchange Electronic Commerce Enterprise. The offering price was US $6.5, and 11180000 ADSs (=2 ordinary shares per ADS) were issued, raising US $72.64 million. Based on the closing price of the latest trading day, the total market value is 16.6 billion US dollars.
• On December 18, 2017, Tencent and JD announced that they had invested $603.6 million and $258.7 million in cash to acquire 7% and 5.5% of the equity of Vipshop respectively. In June 2018, JD invested 120 million dollars to increase its stake in Vipshop to 6.8%.
• On March 8, 2019, Tencent submitted a document to the Securities and Exchange Commission of the United States, disclosing that from February 27 to March 6, Tencent Mobile purchased 5.822 million American depositary securities (ADSs) from Vipshop in the open market, equivalent to 1.164 million Class A ordinary shares, with a total purchase cost of $43.41 million, and a weighted average purchase price of $7.46 per ADS. Based on the number of shares issued by Vipshop as of the end of last year, Tencent held 9.9% of Vipshop's Class A shares and 8.7% of its outstanding shares.
• On July 10, 2019, Vipshop announced to acquire the Outlets business of Shanshan Group.
• On July 12, 2019, Vipshop, through Vipshop International Holdings Co., Ltd., a wholly-owned subsidiary in Hong Kong, signed an acquisition agreement with Shanshan Group and Ningbo Xingtong Chuangfu Equity Investment Partnership (Limited Partnership) to acquire 100% shares of Shanshan Commercial Group for 2.9 billion yuan in cash. Shanshan Commercial Group was founded in 2016, with a registered capital of 1 billion yuan, and its legal representative is Zheng Xueming. Shanshan Group and Ningbo Xingtong Chuangfu Equity Investment Partnership (Limited Partnership) hold 28% and 72% shares respectively.
• In August 2020, Vipshop released its second quarter financial report, with a net revenue of 24.1 billion yuan and a net profit of 1.536 billion yuan.
• On January 14, 2021, Xinhua News Agency reported that the State Administration of Market Supervision had filed a case against Vipshop on suspicion of unfair competition.
• In 2021, the total number of active users of Vipshop will be 93.9 million.
• As of September 30, 2022, Vipshop has made profits for 40 consecutive quarters.

Vipshop Holdings Limited (VIPS) US equity investment