China's Tencent & JD.com Invest $863 Million in Online Retailer Vipshop

Vipshop (vip.com)
Vipshop (domain: vip.com) is a Chinese company that operates the e-commerce website VIP.com (formerly Vipshop.com) specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE: VIPS) on March 23rd, 2012. As of 2017, Vipshop had 52.1 million customers. Vip.com is now the third largest e-commerce site in China, following Tmall.com (Alibaba Group) and JD.com, according to Wikipedia.org.
  • Founded: December 2008
  • Headquarters: China
  • Area served: China
  • Subsidiaries: Vipshop International Holdings Limited, Lefeng.com, more
  • Founders: Eric Ya Shen, Arthur Xiaobo Hong
Recent news: China's Tencent, JD.com invest $863 million in online retailer Vipshop | reuters.com

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