Vipshop

Updated: May 28, 2021
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Vipshop, one of China’s major online e-commerce platforms, was established in August 2008 and is headquartered in Guangzhou’s Pazhou area. Its main business focuses on the discount retailing of various brands, covering apparel, sports, beauty, home appliances and mother and baby products.

On March 23, 2012, the company went public on the New York Stock Exchange, becoming the first e-commerce company in South China to be listed on the NYSE.

To date, Vipshop has more than 300 million registered members, more than 30,000 cooperative brands, and over 3 million square meters of warehouses in China and abroad.

In 2020, Vipshop received a total of 662.4 million orders, a year-on-year increase of 22 percent. It achieved net revenue of 101.9 billion yuan ($15.8 billion), up 9.5 percent year-on-year, with net profit hitting 5.9 billion yuan, a year-on-year increase of 47.1 percent.

Since its listing, Vipshop has achieved profitability for 33 consecutive quarters. In 2020, Vipshop ranked 108th among the Fortune China 500 companies, 245th among the top 500 Chinese enterprises and 75th among the top 500 Chinese private enterprises.

Vipshop has a compound growth rate of 73.8 percent, ranking second on the list of the world's fastest-growing retailers, according to the 2019 Global Retail Power report issued by international consulting firm Deloitte.

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