Vipshop Holdings Ltd. (China)

The Company operates online platforms for various brands in the People s Republic of China.
It operates in Vip.com, Shan Shan Outlets, and Others segments. The Company offers women s apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items. It also provides shoes and bags, which comprises casual and formal shoes, purses, satchels, luggage, duffel bags, and wallets; handbags; apparel, gears and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers; sportswear, sports gear, and footwear for various sporting activities; home furnishings, such as bed and bath products, home decor, kitchen and tabletop items, and home appliances; and consumer electronic products. In addition, the Company offers food and snacks, beverages, fresh produce, and pet goods; beauty products; and internet finance services, including consumer and supplier financing, and microcredit. Vipshop Holdings Limited provides its branded products through its vip.com and vipshop.com online platforms, as well as through its internet website and cellular phone application. Further, it offers warehousing, logistics, product procurement, research and development, technology development, and consulting services; software development and information technology support solutions; and supply chain services.
2008 The Company started operation in August 2008 when its founders established Guangzhou Vipshop Information Technology Co., Ltd., or Vipshop Information, in China.
2010 The Company was incorporated in the Cayman Islands on August 27, 2010. The Company established Vipshop International Holdings Limited, or Vipshop HK, a wholly-owned subsidiary, in Hong Kong. Subsequently, Vipshop HK established a wholly-owned PRC subsidiary, Vipshop China, in January 2011. Along with the growth of its mobile active customers and mobile service offerings, Vipshop China formed Guangzhou Pinwei Software Co., Ltd., or Pinwei Software,
2012 The Company s ADSs, each representing 0.2 Class A ordinary shares, have been listed on NYSE since March 23, 2012. Its ADSs trade under the symbol “VIPS.”
2014, The Company acquired, through a series of transactions, a majority stake in Lefeng.com Limited, or Lefeng, an online retail website specialized in selling cosmetics and fashion products in China, from its parent Ovation Entertainment Limited.
2015, The Group acquired a 42.61 equity interest of Feiyuan Logistic Company Ltd. and its subsidiaries ( Feiyuan ) and obtained significant influence over it. As a result, Feiyuan become an equity affiliate of the Group. Feiyuan is a company principally providing warehousing, express, transportation and distribution services to E-commerce companies in southeast China.
2016 Feiyuan become subsidiaries of the Group since then, as the Group has control over its operating and financing decisions. The Company acquired 100 of equity interest in Zhejiang Ebatong Technology Co., Ltd., which is a third-party payment service provider, for a total consideration of RMB428.3 million. Zhejiang Ebatong Technology Co., Ltd. changed its name to Zhejiang Vipshop Payment Co., Ltd. following the completion of acquisition, and would develop its Internet payment channel.
2018, The Company agreed to invest in the capacity of a passive investor, up to US 250 million in a private equity fund, which focuses on technology-enabled consumer, retail, and related business. As of December 31, 2018, the aggregate amount of its committed capital to the fund was RMB126.1 million.
2019, The Group acquired 100 equity interest of Shan Shan Outlets for a total cash consideration of RMB2,950,000, in which RMB2,925,000 has been paid as of December 31, 2019. The remaining RMB25,000 has been paid as of December 31, 2020. Shan Shan Outlets primarily engaged in outlet management business in China. The Group acquired Shan Shan Outlets to expand into the outlet business to supplement its growth strategy.
2020, The Group acquired 60 of equity interest in Guiyang Shan Shan for a total cash consideration of RMB180,000.
2021, The Group acquired 100 of equity interest in Xuzhou Shan Shan for a total cash consideration of RMB149,210.