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The Future 50

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5

Vipshop Holdings

VIPS

E-commerce is booming in all segments in China, including fashion—the niche that Vipshop specializes in. The online store runs discount promotions on brand-name clothing. Product revenue surged from roughly $3 billion in 2014 to $10 billion in 2017. Its active customer base grew 6% in Q2 to 29.8 million, a rise Vipshop attributes in part to new partnerships with the larger Tencent and JD.com. Such deals could help Vipshop personalize customer experiences through data-sharing arrangements and introduce social elements to its online shopping.

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Overall Score

4.8

Sector

Technology

Industry

Internet and Direct Marketing Retail

CEO

Eric Shen

Employees

58,702

HQ Location

Guangzhou, China

Revenues ($M) (Past 12 Months)

$12,314

Profits ($M) (Past 12 Months)

$342

Market Value as of Oct. 10, 2018 ($M)

$3,316

Revenue and net income for 12 months ended June 30, 2018. Sources: Bloomberg; S&P Global.