Vipshop: A Compelling Value Opportunity
Tan Nguyen, Analyst | Jan 03, 2022
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...
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