Vipshop's net revenue in the second quarter was 26.9 billion, and the number of SVIP active users increased by 11%
Posted: Sun Dec 22, 2024 10:29 am
According to the financial report, in the second quarter of this year, Vipshop achieved a net revenue of 26.9 billion yuan (RMB, the same below), a Non-GAAP net profit of 2.2 billion yuan, and GMV of 50.6 billion yuan, the same as the same period last year. The number of super VIP (SVIP) active users increased by 11% year-on-year, contributing 47% of online consumption.
In the second quarter of this year, Vipshop invested more whatsapp in kuwait than $200 million to repurchase the company's shares, accelerating the pace of stock repurchase. Based on its confidence in the company's future development, Vipshop's board of directors approved a new stock repurchase plan, allowing the company to repurchase no more than $1 billion of American depositary shares or Class A common shares within 24 months after completing the existing stock repurchase plan.
Shen Ya, Chairman and CEO of Vipshop, said: "We are focused on enhancing the inherent advantages of the brand sale model to better deliver value to users. Next, we will continue to dig deep into enriching product supply, providing cost-effective products and worry-free service guarantees, with an eye on achieving long-term and sustainable growth.
Introducing the world's best value brand products
The overall performance of core columns has increased
In the first half of this year, Vipshop's buyer team introduced more than 600 well-known brands to the platform, covering mass, trendy, affordable luxury and European and American designer brands to meet the ever-changing consumer needs of users. For example, in the second quarter of this year, the platform reached cooperation with brands such as DIESEL, Isabel Marant, Marni, and Pinko, opening up online and offline channels to bring users global value-for-money big-name products.
In the second quarter of this year, Vipshop invested more whatsapp in kuwait than $200 million to repurchase the company's shares, accelerating the pace of stock repurchase. Based on its confidence in the company's future development, Vipshop's board of directors approved a new stock repurchase plan, allowing the company to repurchase no more than $1 billion of American depositary shares or Class A common shares within 24 months after completing the existing stock repurchase plan.
Shen Ya, Chairman and CEO of Vipshop, said: "We are focused on enhancing the inherent advantages of the brand sale model to better deliver value to users. Next, we will continue to dig deep into enriching product supply, providing cost-effective products and worry-free service guarantees, with an eye on achieving long-term and sustainable growth.
Introducing the world's best value brand products
The overall performance of core columns has increased
In the first half of this year, Vipshop's buyer team introduced more than 600 well-known brands to the platform, covering mass, trendy, affordable luxury and European and American designer brands to meet the ever-changing consumer needs of users. For example, in the second quarter of this year, the platform reached cooperation with brands such as DIESEL, Isabel Marant, Marni, and Pinko, opening up online and offline channels to bring users global value-for-money big-name products.