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Chinese retail giant, VIPshop, has recently announced an increase in their first-quarter profits, a result of robust clothing sales and enhanced margins during the Lunar New Year shopping period. The firm revealed a total net revenue of RMB26.6 billion…
VIPshop Holdings, a prominent Chinese online discount retailer, has reported a decrease in revenue and profit for the second quarter of the 2025 fiscal year. This decline is part of a broader strategic adjustment that the company is currently undertaking.…
Chinese regulators have hit online discount retailer Vipshop Holdings Ltd with a 3 million yuan ($464,000) fine, the biggest to date in a recent clampdown on anti-competitive behavior among internet firms. In a sign that regulators are increasingly willing to…
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…
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…
Chinese online discounter VIPShop is reaping the benefits of a 13 per cent increase in active customers last quarter to 32.4 million – well ahead of the 5 per cent full-year improvement. Its annual results released overnight showed net revenue soared 15.9 per…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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