Often considered the online TJX of China, Vipshop (“VIPS”) is the leading online discount retailer of apparel, cosmetics, and home goods products in Mainland China. The company boasts a growing ecosystem of 44M quarterly active customers, more than 20K brand partners and almost 200B of annual Gross Merchandise Value (“GMV”). Eric Shen and Arthur Hong founded the company in 2010, after spending 35 years collectively working in consumer electronic products...

On Friday, July 23, the Central Office of the Communist Party of China and the Office of the State Council of China issued a document titled “Opinions on Further Reducing the Work Burden of Students and the Burden of Off-campus Training in Compulsory Education” – we will refer to it as “The Opinions” in this blog. The document includes 30 guiding opinions classified into 8 issues. Among those, 5 key...