Vipshop
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Company type | Public |
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NYSE: VIPS | |
Industry | E-commerce |
Founded | December 2008 |
Founders | Eric Ya Shen, Arthur Xiaobo Hong |
Area served | Mainland China |
Owner | Vipshop Holdings Ltd |
Vipshop (Chinese:
According to the US Fortune magazine, VIP.com ranked the 115th in its 2017 China 500 listing as well as the top 3 B2C e-commerce retailer. The 2017 Top 250 Global Powers of Retailing co-authored by Deloitte and STORES Media listed VIP.com as the world’s fastest growing retailer. And in BrandZ™ Top 100 Most Valuable Chinese Brands 2017, VIP.com ranked 40th.[4]
History
[edit]- 8 December 2008: Vipshop.com went online
- 2010 and 2011: Completed 2 rounds of VC financing at 70 million US dollars
- March 2012: Listed on New York Stock Exchange (VIPS) [5]
- November 2013: Transferred to new domain name VIP.com
- September 2014: Launched VIP International
- 2015: Began to run its own logistics & distribution system
- 2016: Launched INTERNET financing business ”Wei pin Hua”(Chinese:
唯 品 花 ; pinyin: Wei Pin Hua) - 2017: Announced to spin off financing service and reconstruct its logistics business [6]
Sales model
[edit]According to I Research, VIP.com's on-line discount sales model is one of the three mainstream e-commerce models in China (the other two are market place model of Tmall and general B2C model of JD). And VIP.com is ranked No.1 in China's on-line discount market with 38.1% market share.[7]
According to the 2015 Q3-2016 Q4 “China B2C online shopping market share monitoring report” released by Analysys, VIP.com has ranked No.3 in terms of B2C market share consecutively for the last 6 quarters. VIP.com has become the world’s largest flash sale platform as well as the third-largest online retailer in China.[2]
Metrics
[edit]According to VIP.com, over 20,000 brands have cooperated with VIP.com, serving more than 300 million users across China; of the total, more than 2,200 brands have developed exclusive online cooperation with VIP.com. Following Tmall and JingDong, VIP.com is now the third largest e-commerce site in China.[2]
In 2016, VIP.com reported annual net revenue of US$2.73 billion and a total of 269.8 million orders.[8]
As of March 31, 2017, VIP.com had been profitable for 18 consecutive quarters.[9]
The revenue of VIP.com in first quarter of 2020 only reached CN¥18.8 billion. The yoy rate of first-quarter revenue is -11.85% compare to 2019.[10]
In August 2020, VIP.com released financial report for second quarter with net revenue of CN¥ 24.1 billion and net profit of CN¥1.536 billion.[10]
Financial services
[edit]VIP.com is building a finance service platform to provide users with services of financing, supply-chain financing, payment, financial management and insurance.[citation needed]
Internet Finance Division was founded at the end of 2015. With one year’s development, “VIP Expense”, a consumer finance product, had attracted 5 million new users. Currently, 15% of orders at Vip.com are paid through the “VIP Expense”. [citation needed]
During the “12.8” Anniversary celebration sales period in 2016, the average transaction value per customer paid through “VIP Expense” was 45% higher than that of the overall transaction and the user activity rate improved by 27%.[citation needed]
In 2016, the average monthly new user growth of “VIP Expense” stood above 30%.[citation needed]
References
[edit]- ^ Shao, Heng. "Meet Vipshop, The Highest Valued Chinese E-Commerce Stock".
- ^ a b c "
中国 网络零 售B2C市 场年度 综合报告2016".易 观智库. - ^ "Personalization, diverse merchandising drive Vipshop's growth in 2016".
- ^ "BrandZ Top 100 Most Valuable Chinese Brands 2017" (PDF).
- ^ "Chinese firms restart IPOs in U.S." People's Daily Online.
- ^ "
唯 品 會 宣布 將 分 拆互聯 網 金融 和重 組 物流 業務 ". - ^ "2014 China Online Flash Sale Report (Brief Edition)". iResearch Consulting Group.
- ^ "UNITED STATES SECURITIES AND EXCHANGE COMMISSION" (PDF).
- ^ "Vipshop Reports Unaudited First Quarter 2017 Financial Results" (PDF).
- ^ a b 亿邦动力网 (2020-09-15). "
唯 品 会 财报:需要 起 来 "搞事情 "". finance.sina.com.cn. Retrieved 2020-09-16.