VIP.com (NYSE: VIPS), was established in 2008. It pioneered the special "Very selective brands, Incredible price, Privileged service"Flash Sales model, retailing categories such as fashion apparels, shoes & bags, cosmetics, mother & kids, home goods, foods and more. VIP.com works with over 20,000 brands in total and more than 2,200 of the brands are exclusive online partners with VIP.com. In 2016, VIP.com reached annual net revenue of 56.59 billion RMB，269.8 million total annual orders, and the average daily orders of 800 thousand. By now, VIP.com reached over 300 million registered members and 80% repeat purchase rate. On March 23rd, 2012, VIP.com successfully listed on the New York Stock Exchange (NYSE). Since the IPO to March 31st, 2017, VIP.com has been profitable for 18 consecutive quarters. VIP.com has become the largest Flash Sales platform globally as well as the third largest online retailer in China. The Flash Sales model, represented by VIP.com, has become one of the three main modern ecommerce business models in China.

Website: vip.com

Employees: 20 - 49

HQ: N/A

Location: , ,

Revenue: 2.5 - 5 Million

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VIP.com: A Leading Flash Sales Platform in China VIP.com, founded in 2008, is a pioneering flash sales platform that has revolutionized the e-commerce industry in China. With its unique "Very selective brands, Incredible price, Privileged service" model, VIP.com has become the largest flash sales platform globally and the third largest online retailer in China. The company's success is evident in its impressive financial performance, with an annual net revenue of 56.59 billion RMB and 269.8 million total annual orders in 2016. VIP.com's platform is designed to provide customers with an exclusive and convenient shopping experience. The company works with over 20,000 brands, including 2,200 exclusive online partners, offering a wide range of products such as fashion apparels, shoes, bags, cosmetics, mother and kids, home goods, and foods. With a focus on quality and authenticity, VIP.com has built a loyal customer base, with over 300 million registered members and an 80% repeat purchase rate. The company's success can be attributed to its innovative business model, which offers customers incredible prices on high-quality products. VIP.com's flash sales model creates a sense of urgency and excitement, encouraging customers to make purchases quickly. The company's commitment to providing privileged service, including fast delivery and easy returns, has also contributed to its popularity. VIP.com's leadership team, including CEO Mike Neumann, has played a crucial role in the company's success. With a focus on innovation and customer satisfaction, the team has been able to adapt to the rapidly changing e-commerce landscape in China. The company's listing on the New York Stock Exchange in 2012 was a significant milestone, providing VIP.com with the necessary resources to expand its operations and further solidify its position in the market. In conclusion, VIP.com's success is a testament to the power of innovation and customer-centricity in the e-commerce industry. With its unique flash sales model, wide range of products, and commitment to quality and service, VIP.com has established itself as a leading player in China's e-commerce market. As the company continues to evolve and adapt to changing consumer preferences, it is well-positioned for continued success in the future.

VIP.com is a company that sells things online. They started in 2008 and do something called "Flash Sales" where they sell things for a short time at a lower price. They work with a lot of brands, over 20,000, and have exclusive deals with over 2,200 of them. In 2016, they made a lot of money, over 56 billion RMB, and had a lot of orders, over 269 million. They have a lot of members, over 300 million, and most of them, 80%, buy from them again and again. They are listed on the New York Stock Exchange and have been making a profit for 18 straight quarters. They are the biggest Flash Sales platform and the third biggest online retailer in China. The way they do business, Flash Sales, is one of the three main ways ecommerce works in China.