VIP International

In contrast to rivals Tmall and JD.com, VIP Shop is a flash-sale e-commerce platform that pre-orders goods from overstock to sell at a deep discount. With about 40% of the Chinese flash-sale market under its control, VIP Shop has established a distinct position in the country's cutthroat e-commerce business.

This business strategy extends to VIP International, its international e-commerce division. VIP International has established procurement abroad to prevent counterfeits, and all products are sourced and purchased directly from abroad. With 12 abroad facilities and 11 in China, VIP International runs an internal logistics network much like JD Global.

VIP International doesn't charge sponsors platform usage fees, commissions, or security deposits thanks to its pre-purchasing business model. However, due to this business strategy, VIP International mainly welcomes bigger firms with a history of doing business in China.

Vipshop's market cap was $8.97 billion as of March 2023. Vipshop is now the 1556th most valuable company in the world according to market valuation. The most recent financial reports from VIPshop indicate that the company's current revenue (TTM) is $15.27 Billion. The company generated $18.11 billion in revenue in 2021, a rise from $14.93 billion in revenue in 2020.

Founded: December 2008
Headquarter: Guangzhou, Guangdong, China
Market cap: $8.97 Billion
Revenue in 2022 (TTM): $15.27 B
Website: https://www.vip.com/