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Tag: vipshop

Retail Asia30/08/2019
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E-Tailing

VIPShop reaps rewards from a strong apparel focus

3min0
Chinese discount retailer VIPShop Holdings achieved an 11 percent boost in active customers in the second quarter and a 33-per-cent increase in orders. The online company now boasts 33.1 million active customers who collectively lodged 147.8 million orders in the three months to June 30. Net revenue for the quarter increased by 9.7 percent year […]
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Retail Asia30/07/2019
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E-Tailing

VIPshop buys Chinese outlet malls

2min0
Discount e-commerce platform Vipshop has acquired a chain of Chinese outlet malls. The online business has paid RMB290 million (US$42 million) for Shan Shan, extending its offline footprint. The Tencent and JD-backed site has been making strong moves to trade offline since opening a store in Beijing last October, and has gone on to launch […]
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Retail Asia28/08/2018
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E-Tailing

Online boosted 361 Degrees sales growth

2min0
Sportswear retailer 361 Degrees International believes sponsorships of the Asia Games in Indonesia this month, and a focus on e-commerce are helping it attract younger customers. The Hong Kong-listed, Mainland China retailer of sports apparel, says sales increased 7.8 per cent in the first half year to RMB2.798 billion (US$411 million), with profit attributable to […]
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Retail Asia01/12/2017
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Fashion

L Catterton Asia to form JV sportswear

3min0
LVMH-backed private-equity firm L Catterton Asia has launched a JV between two of its portfolio companies, Chinese menswear fashion group GXG, and Australian compression activewear company 2XU. The strategic partnership will enable both companies to capitalise on the growing fitness and sportswear market in China. Established in 2007, GXG has a portfolio of four brands […]
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Retail Asia30/01/2017
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E-Tailing

Four strategies of China’s top 10 e-commerce apps

6min
Pushing advertisement online and offline has been the typical strategy of China’s e-commerce giants to bring in customers, explaining why e-commerce sector is one of the toughest battlegrounds for freshly born startups since they have little money to spend on advertising. However, the trend is changing. As startups like Bolome, combining live streaming into cross-border […]
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Retail Asia08/12/2016
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E-Tailing

Cross-border eCommerce ‘set to skyrocket’ in China

5min0
Cross-border eCommerce (CBEC) is set to skyrocket in China according to a new report from international think tank Fung Global Retail & Technology. To capitalise on this, international retailers need to complement their existing expansion strategy with online sales platforms, says Fung Global MD Deborah Weinswig. Cross-border eCommerce is the most efficient platform to reach […]
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Retail Asia25/11/2016
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E-Tailing

Vipshop adds customers, but margin narrow

3min0
Chinese online discount business Vipshop reports rising revenues but narrower margins during the third quarter. The New York-listed eCommerce player says its total net revenue increased by 38.4 per cent to RMB12 billion (US$1.8 billion), primarily attributable to a 43 per cent year-on-year increase in the number of active customers to 20.8 million and a […]
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Retail Asia27/06/2016
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Fashion

Sa Sa’s Stock May Fall 50%

7min
Shares of Sa Sa International are up 27% in the past month as Chinese tourist arrivals to Hong Kong showed signs of a recovery – but it may not yet be time to put the marked down cosmetics retailer in the shopping basket. Once a market darling, Sa Sa has sagged 70% from its peak in […]
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Retail Asia03/03/2016
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E-Tailing

VIPshop revenue grows 65 per cent

1min0
Bolstered by more customers and orders, Chinese online discount retailer VIPshop Holdings (VIPS) has seen its net revenue grow by 65 per cent to RMB13.9 billion ($2.15 billion) in the latest quarter to December 31. During the period, its number of active customers rose to 19.8 million (a 58 per cent year-over-year increase) and total […]
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Retail Asia07/01/2016
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E-Tailing

Vipshop Stock Slumping as China Trading Halted

5min
Shares of Vipshop Holdings are lower by 7.99% to $14.05 on Monday morning, as stocks traded in the U.S. but based in China tumble due to the global stock selloff, spurred by concerns regarding the Asian nation’s economic stability. Vipshop is a Guangzhou-based holding company that operates as an online discount retailer for brands in China. […]
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Retail Asia27/11/2015
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E-Tailing

Vipshop sales soar

1min
Vipshop, the Chinese online discount retailer, says it boosted sales by as much as 63 per cent in the last quarter. The US-listed company says it expects revenue to be between RMB8.6 billion (US$1.349 billion)  and RMB8.7 billion ($1.365 billion). But that is less than its earlier guidance of RMB9.1 billion to RMB9.3 billion. “The […]
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Retail Asia23/10/2015
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E-Tailing

The new niches in China’s ecommerce market

3min
Alibaba’s sales is only 5 percent of total retail in China and JD.com’s sales of electronics products represent about 2 percent to 5 percent of total electronics retail as well, according to Dangdang.com’s CEO Li Guoqing. If you only look at the Chinese ecommerce giants’ recent financial report, most people would agree that the competition […]
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Retail Asia14/08/2015
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E-Tailing

Vipshop doubles income

2min
Chinese online discounter Vipshop Holdings has doubled its profit in the second quarter to June 30. It reported total net revenue soared 77.6 per cent to US$1.5 billion, its gross profit by 78.6 per cent to $360 million and its income by 192.5 per cent to $70.6 million. Chairman and CEO Eric Shen said the […]
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Retail Asia26/03/2015
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E-Tailing

Vipshop takes stake in Ensogo

2min
Chinese eCommerce company Vipshop has taken a cornerstone stake in southeast Asian online retailer Ensogo. The deal will open the way for Vipshop’s inventory to be offered on Ensogo and for the two parties to share commercial and business expertise to drive Ensogo’s growth. Australian Stock Exchange listed Ensogo has also raised US$7.5 million from […]
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