Vipshop is a major Chinese online retailer built around timed flash sales of branded apparel, cosmetics, home goods and other consumer products at deep discounts. It sources excess and off-season inventory from domestic and international brands, pairing that model with its own logistics network to deliver quickly across China. The platform targets value-conscious shoppers who want recognized labels rather than pure no-name goods.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 26,268.5 | — | 1,942.8 | -23.1% |
| Q2 2025 | 25,806.4 | — | 1,489.8 | -29.8% |
| Q3 2025 | 21,370.9 | — | 1,220.7 | -7.6% |
| Q4 2025 | 32,473.8 | — | 2,589.2 | -11.5% |
| Q1 2026 | 26,574.5 | 1.2% | 2,206.3 | 13.6% |
| Q2 2026 | 24,707.2 | -4.3% | 4,306.2 | 189.1% |
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