About VipShop
VipShop is a company based in Guangzhou (China) founded in 2008 by Arthur Xiaobo Hong and Eric Ya Shen.. VipShop has raised $70 million across 6 funding rounds from investors including Tencent, JD.com and Shenzhen Dingxin Capital Management. The company has 14,970 employees as of December 31, 2024. VipShop has completed 3 acquisitions, including Ebatong, Lafaso and Lefeng. VipShop operates in a competitive market with competitors including LightInTheBox, Hangzhou Meiyu Information Technology, Favbuy and Tianpin, among others.
- Headquarter Guangzhou, China
- Employees 14970 as on 31 Dec, 2024
- Founders Arthur Xiaobo Hong, Eric Ya Shen
- Stage Public
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vipshop Holdings Ltd Sponsored Adr
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Annual Revenue
$15.07 B-5.42as on Dec 31, 2024
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Net Profit
$1.08 B-6.12as on Dec 31, 2024
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EBITDA
$1.35 B-0.79as on Dec 31, 2024
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Total Equity Funding
$70 M (USD)
in 6 rounds
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Latest Funding Round
$84.19 M (USD), Post-IPO
Dec 19, 2019
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Investors
Tencent
& 5 more
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Employee Count
14970
as on Dec 31, 2024
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Investments & Acquisitions
Ebatong
& 2 more
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IPO & Listings of VipShop
VipShop is a publicly listed company on the NYSE with ticker symbol VIPS in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of VipShop
VipShop has successfully raised a total of $70M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $84.19 million completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $84.2M
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First Round
First Round
(08 Nov 2010)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Post-IPO - VipShop | Valuation |
investors |
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| Feb, 2019 | Amount | Post-IPO - VipShop | Valuation |
investors |
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| Dec, 2017 | Amount | Post-IPO - VipShop | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VipShop
VipShop has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, JD.com and Shenzhen Dingxin Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in series A startups
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Founded Year | Domain | Location | |
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Private equity and venture capital are invested in Chinese SMEs.
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Founded Year | Domain | Location | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VipShop
VipShop has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ebatong, Lafaso and Lefeng. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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International payments are processed online for enterprises and SMEs.
|
2011 | ||||
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Beauty products are offered online in a women-focused marketplace.
|
2008 | ||||
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Beauty products are offered online via group-buying and discounts.
|
2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - VipShop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vipshop Comparisons
Competitors of VipShop
VipShop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LightInTheBox, Hangzhou Meiyu Information Technology, Favbuy and Tianpin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online retailer offering multi-category consumer products
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| domain | founded_year | HQ Location |
Multi-category products are sold via an online flash-sales platform.
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| domain | founded_year | HQ Location |
Operates an online retail platform specializing in flash sales for various products.
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| domain | founded_year | HQ Location |
Operates as an online flash-sales retailer for a wide range of products, providing time-limited deals to consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vipshop
Frequently Asked Questions about VipShop
When was VipShop founded?
VipShop was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is VipShop located?
VipShop is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Who is the current CEO of VipShop?
Eric Ya Shen is the current CEO of VipShop. They have also founded this company.
Is VipShop a funded company?
VipShop is a funded company, having raised a total of $70M across 6 funding rounds to date. The company's 1st funding round was a Post-IPO of $863M, raised on Nov 08, 2010.
How many employees does VipShop have?
As of Dec 31, 2024, the latest employee count at VipShop is 14,970.
What is the annual revenue of VipShop?
Annual revenue of VipShop is $15.07B as on Dec 31, 2024.
What does VipShop do?
VipShop was established in 2008 in Guangzhou, China, as an online retailer focused on flash sales. A wide range of consumer goods is provided, encompassing fashion, beauty items, electronics, stationery, home improvement products, baby care essentials, groceries, and additional categories. Operations are conducted primarily through the vip.com domain, serving customers in the e-commerce sector across China.
Who are the top competitors of VipShop?
VipShop's top competitors include LightInTheBox, Hangzhou Meiyu Information Technology and Favbuy.
Is VipShop publicly traded?
Yes, VipShop is publicly traded on NYSE under the ticker symbol VIPS.
How many acquisitions has VipShop made?
Who are VipShop's investors?
VipShop has 6 investors. Key investors include Tencent, JD.com, Shenzhen Dingxin Capital Management, Capital Today, and DCM.
What is VipShop's ticker symbol?
The ticker symbol of VipShop is VIPS on NYSE.