April 20, 2014 7:45 PM ET

Internet and Catalog Retail

Company Overview of Vipshop Holdings Limited

Company Overview

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded discount products, including apparel for women, men, and children; fashion goods; cosmetics; home goods and other lifestyle products; footwear; sportswear and sporting goods; luxury goods; and gifts and miscellaneous products. The company provides its branded products through its Website vipshop.com, as well as its cellular phone application. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People's Republic of China.

No. 20 Huahai Street

Liwan District

Guangzhou,  510370

China

Founded in 2008

8,544 Employees

Phone:

86 20 2233 0000

Key Executives for Vipshop Holdings Limited

Vipshop Holdings Limited does not have any Key Executives recorded.

Vipshop Holdings Limited Key Developments

Vipshop Appoints Haidong Jiang as New Vice President of Technology

Vipshop Holdings Limited has announced the appointment of Haidong Jiang as the new vice president of technology of Vipshop and chief technology officer of Lefeng.com. Mr. Jiang brings with him a wealth of operational experience working in China's internet industry, helping major Chinese and global e-commerce companies in the fields of logistic systems planning and technology development. Prior to joining Vipshop, Mr. Jiang served as CTO of Ovation Entertainment Limited, where he was responsible for overseeing core e-commerce technology development, logistics systems and customer-service system.

Vipshop Holdings Limited Appoints Haidong Jiang as Vice President of Technology of Vipshop and Chief Technology Officer of Lefeng.Com

Vipshop Holdings Limited announced the appointment of Mr. Haidong Jiang as the Vice President of Technology of Vipshop, and Chief Technology Officer of Lefeng.com, Vipshop's majority-owned online retailer of cosmetics and fashion products, effective immediately. Mr. Jiang brings with him a wealth of operational experience working in China's internet industry, helping major Chinese and global e-commerce companies in the fields of logistic systems planning and technology development. Prior to joining Vipshop, Mr. Jiang served as CTO of Ovation Entertainment Limited, where he was responsible for overseeing core e-commerce technology development, logistics systems and customer-service system.

Vipshop Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Revenue Guidance for the First Quarter of 2014

Vipshop Holdings Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total net revenues increased by 117.3% over the prior year period to $651.0 million from $299.6 million in last year, primarily attributable to a 119.5% increase in the number of active customers to 5.7 million from 2.6 million and a 102.4% increase in total orders to 17.7 million from 8.8 million over the prior year period. Non-GAAP income from operations increased by 357.0% year over year to $33.0 million from $7.2 million in the prior year period. Non-GAAP operating income margin increased to 5.1% from 2.4% in the prior year period. Net income increased by 300.0% to $25.4 million from $6.3 million in the prior year period. Net income margin increased to 3.9% from 2.1% in the prior year period. Non-GAAP net income increased by 253.9% to $28.8 million from $8.1 million in the prior year period. Non-GAAP net income margin increased to 4.4% from 2.7% in the prior year period. Income from operations increased by 445.0% to $29.6 million from $5.4 million in the prior year period, reflecting the growing scale of the company's operations, improved gross margin and cost control. Operating income margin increased to 4.5% from 1.8% in the prior year period. Non-GAAP income from operations, which excludes the impact of share-based compensation expenses, increased by 357.0% to $33.0 million from $7.2 million in the prior year period. Non-GAAP operating income margin increased to 5.1% from 2.4% in the prior year period. Diluted earnings per share were $0.21 against $0.06 per share a year ago. Net cash from operating activities were $255.8 million. Income before income taxes was $35.683 million compared to $7.055 million a year ago. For the year, the company reported net revenues increased by 145.1% to $1.7 billion, primarily attributable to a 129.8% increase in the number of active customers to 9.4 million from 4.1 million and a 124.1% increase in total orders to 49.2 million from 21.9 million. Non-GAAP income from operations was $66.3 million, compared with a non-GAAP loss from operations of $4.3 million in the prior year. Non-GAAP operating income margin was 3.9% compared with a non-GAAP operating loss margin of 0.6% in the prior year. Net income was $52.3 million compared with a net loss of $9.5 million in the prior year period. Net income margin was 3.1% compared with a net loss margin of 1.4% in the prior year period. Non-GAAP net income attributable to ordinary shareholders was $64.8 million compared to a non-GAAP net loss of $1.9 million in the prior year. Non-GAAP net income margin was 3.8% compared with a non-GAAP net loss margin of 0.3% in the prior year period. Income from operations increased to $53.8 million compared with a loss from operation of $11.9 million in the prior year, reflecting the growing scale of the company's operations, improved gross margin and costs control. Operating income margin was 3.2% compared with an operating loss margin of 1.7% in the prior year. Non-GAAP income from operations was $66.3 million compared with a non-GAAP loss of $4.3 million in the prior year. Non-GAAP operating income margin was 3.9% compared with a non-GAAP loss margin of 0.6% in the prior year. Diluted earnings per share were $0.45 against diluted loss per share of $0.11 a year ago. Net cash from operating activities were $437.1 million. Income before income taxes was $70.849 million compared to loss of $8.765 million a year ago. For the first quarter of 2014, the company expects its total net revenues to be between $640 million and $650 million, representing a year-over-year growth rate of approximately 106% to 109%. These forecasts reflect current and preliminary view on the market and operational conditions, which are subject to change.

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Recent Private Companies Transactions

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Date
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Merger/Acquisition
February 21, 2014
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Merger/Acquisition
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