China's Tencent & JD.com Invest $863 Million in Online Retailer Vipshop

Vipshop (vip.com)

Vipshop (domain: vip.com) is a Chinese company that operates the e-commerce website VIP.com (formerly Vipshop.com) specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE: VIPS) on March 23rd, 2012. As of 2017, Vipshop had 52.1 million customers. Vip.com is now the third largest e-commerce site in China, following Tmall.com (Alibaba Group) and JD.com, according to Wikipedia.org.

• Founded: December 2008
• Headquarters: China
• Area served: China
• Subsidiaries: Vipshop International Holdings Limited, Lefeng.com, more
• Founders: Eric Ya Shen, Arthur Xiaobo Hong

Recent news: China's Tencent, JD.com invest $863 million in online retailer Vipshop | reuters.com

Tencent gets deeper into Alibaba's turf with a deal to buy part of Chinese web retailer Vipshop https://t.co/zD4MkEW6bn pic.twitter.com/PndNKkAuon

— Bloomberg Technology (@technology) December 18, 2017

#Tencent and #JD.com announced on Mon that they will invest an aggregate of $863mln in cash in Chinese online discount retailer #Vipshop, making their holdings to 7% and 5.5% respectively. The price represents 55% premium over closing price of Vipshop's ADSs as of last Friday.

— YUAN TALKS (@YuanTalks) December 18, 2017

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