Vipshop reports 27 pct jump in Q4 net revenue

Source: Xinhua| 2018-02-13 13:20:07|Editor: Liangyu
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GUANGZHOU, Feb. 13 (Xinhua) -- New York-listed Chinese online retailer Vipshop Holdings Limited reported a 27-percent jump in net revenue in the fourth quarter of 2017, according to an unaudited financial report the company released Tuesday.

Net revenue was 24 billion yuan (about 3.7 billion U.S. dollars) in the fourth quarter ending Dec. 31, the company said.

Total orders for the fourth quarter of 2017 also increased by 27 percent year on year to 104 million. For the whole year, total orders hit 335 million.

The Non-GAAP net income attributable to Vipshop's shareholders during the same period was 888 million yuan.

In December last year, Tencent Holdings and JD.com reached a deal with Vipshop to invest 863 million U.S. dollars in the latter.

Launched in 2008 as Vipshop.com, the company was listed on the New York Stock Exchange in 2012, and a year later launched Vip.com.

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