Short description
Weipinhui is a Chinese online discount retailer for brands.
Description
Weipinhui (formerly Vipshop) is a Chinese online discount retailer for brands.
The company offers quality branded products to consumers throughout China at a significant discount from retail prices. Weipinhui has successfully created and proven that there is a third e-commerce model that can provide tremendous scale and profitability. By providing special offers and large discounts on branded products, the company has pioneered the online discount retail model in China.
Weipinhui has approximately 4.9 million cumulative customers and partnerships with over 5,800 domestic and international brands.
Weipinhui was founded in August 2008. The company raised $50 million in Series B from DCM and Sequoia Capital after securing 20 million in its Series A. On March 23, the company raised USD 72.64 million through its IPO.
Last funding
Noaccess
Sign in for full access
Total funding
$$121212
Sign in for full access
Location
Guangzhou, Guangdong, China, Asia
Founded on
August 1, 2008
Exited on
March 23, 2012
Went public on
March 23, 2012
Stock symbol
VIPS
Non-profit?
No
Acquired?
No
Revenue range
$7890 - 12340
Sign in for full access
Investors
Nopepepe, Noaccess, Nopepepe, Blurry Noaccess, Blurry Noaccess
Sign in for full access
Founders
Arthur Hong, Eric Ya Shen
Funding rounds count
9
Portfolio organisations count
Noaccessforu, Noaccess
Sign in for full access
Lead investments count
6
Exits count
Nopepepe, Cannot Access
Sign in for full access
IPO exits count
1