Vipshop Holdings Ltd. (中国)

The Company operates online platforms that offer high-quality branded products to consumers in the People's Republic of China (the “PRC”) through flash sales on its vipshop.com, vip.com online platforms.
Flash sale represents an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time.
The Company has determined it has five operating segments, Vip.com, internet finance, Shan Shan Outlets, offline shops and City Outlets.Vip.com and Shan Shan Outlets have been identified as reportable segments while internet finance, offline shop and City Outlets operating segments were aggregated as others reportable segment.
HISTORY
2008 The Company started operation in August 2008 when its founders established Guangzhou Vipshop Information Technology Co., Ltd., or Vipshop Information, in China.
2010 The Company was incorporated in the Cayman Islands on August 27, 2010.
2011 The Company established Vipshop International Holdings Limited, or Vipshop HK, a wholly-owned subsidiary, in Hong Kong. Subsequently, Vipshop HK established a wholly-owned PRC subsidiary, Vipshop China, in January 2011.
2012 The Company s ADSs, each representing 0.2 Class A ordinary shares, have been listed on NYSE since March 23, 2012. Its ADSs trade under the symbol “VIPS.”
2014 The Company acquired, through a series of transactions, a majority stake in Lefeng.com Limited, or Lefeng, an online retail website specialized in selling cosmetics and fashion products in China, from its parent Ovation Entertainment Limited.
2015 The Group acquired a 42.61 equity interest of Feiyuan Logistic Company Ltd. and its subsidiaries ( Feiyuan ) and obtained significant influence over it. As a result, Feiyuan become an equity affiliate of the Group. Feiyuan is a company principally providing warehousing, express, transportation and distribution services to E-commerce companies in southeast China.
2016 Feiyuan become subsidiaries of the Group since then, as the Group has control over its operating and financing decisions. The Company acquired 100 of equity interest in Zhejiang Ebatong Technology Co., Ltd., which is a third-party payment service provider, for a total consideration of RMB428.3 million. Zhejiang Ebatong Technology Co., Ltd. changed its name to Zhejiang Vipshop Payment Co., Ltd. following the completion of acquisition, and would develop its Internet payment channel.
2018 The Company agreed to invest in the capacity of a passive investor, up to US 250 million in a private equity fund, which focuses on technology-enabled consumer, retail, and related business. As of December 31, 2018, the aggregate amount of its committed capital to the fund was RMB126.1 million.
2019 The Company acquired 100 equity interest of Shan Shan Outlets for a total cash consideration of RMB2,950,000, in which RMB2,925,000 has been paid as of December 31, 2019. The remaining RMB25,000 has been paid as of December 31, 2020. Shan Shan Outlets primarily engaged in outlet management business in China. The Group acquired Shan Shan Outlets to expand into the outlet business to supplement its growth strategy.
2020 The Company acquired 60 of equity interest in Guiyang Shan Shan for a total cash consideration of RMB180,000.
2021 The Company acquired 100 of equity interest in Xuzhou Shan Shan for a total cash consideration of RMB149,210.