BEIJING, CHINA - AUGUST 25: Model Hannah Quinlivan attends the activity of Vipshop Holdings Ltd on August 25, 2016 in Beijing, China. (Photo by VCG/VCG via Getty Images)VCG via Getty Images
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 $10 billion in 2017. Its active customer base grew 6% in Q2 to 29.8 million, a rise Vipshop attributes in part to new partnerships with the larger Tencent and JD.com. Such deals could help Vipshop personalize customer experiences through data-sharing arrangements and introduce social elements to its online shopping.
|Industry||Internet and Direct Marketing Retail|
|HQ Location||Guangzhou, China|
|Revenues ($M) (Past 12 Months)||$12,314|
|Profits ($M) (Past 12 Months)||$342|
|Market Value as of Oct. 10, 2018 ($M)||$3,316|