China discount etailer Vipshop’s active customers grew 37% in Q4 2020

The number of Vipshop’s active customers for the fourth quarter of 2020 increased by 37% year over year to 53 million from 38.6 million in Q4 2019. Total orders for the fourth quarter of 2020 increased by 30% year over year to 227.3 million from 174.6 million in Q4 2019. Total orders for the full […]

China discount etailer Vipshop’s active customers grew 37% in Q4 2020

The number of Vipshop’s active customers for the fourth quarter of 2020 increased by 37% year over year to 53 million from 38.6 million in Q4 2019.

Total orders for the fourth quarter of 2020 increased by 30% year over year to 227.3 million from 174.6 million in Q4 2019. Total orders for the full year of 2020 increased by 22% year over year to 692.4 million from 566.3 million in the prior year.

See JD’s performance in the same quarter.

Vipshop Financial Results

Total net revenue for the fourth quarter of 2020 increased by 22.0% year over year to RMB35.8 billion (US$5.5 billion) from RMB29.3 billion in Q4 2019. Total net revenue for the full year of 2020 increased by 9.5% year over year to RMB101.9 billion (US$15.6 billion) from RMB93.0 billion.

GMV for the fourth quarter of 2020 increased by 25% year over year to RMB59.3 billion from RMB47.6 billion in Q4 2019. GMV for the full year of 2020 increased by 11% year over year to RMB165.0 billion from RMB148.2 billion in the prior year.

Gross profit for the fourth quarter of 2020 increased by 12.1% year over year to RMB7.8 billion (US$1.2 billion) from RMB7.0 billion in Q4 2019. Gross profit for the full year of 2020 increased by 2.9% year over year to RMB21.3 billion (US$3.3 billion) from RMB20.7 billion in the prior year.

Net income attributable to Vipshop’s shareholders for the fourth quarter of 2020 increased by 67.7% year over year to RMB2.4 billion (US$374.1 million) from RMB1.5 billion in the prior year period.

Net income attributable to Vipshop’s shareholders for the full year of 2020 increased by 47.1% year over year to RMB5.9 billion (US$905.3 million) from RMB4.0 billion in the prior year.

Non-GAAP net income attributable to Vipshop’s shareholders[2] for the fourth quarter of 2020 increased by 33.4% year over year to RMB2.6 billion (US$394.8 million) from RMB1.9 billion in the prior year period.

Non-GAAP net income attributable to Vipshop’s shareholders for the full year of 2020 increased by 25.0% year over year to RMB6.3 billion (US$960.7 million) from RMB5.0 billion in the prior year.

Top mobile shopping platforms in China: Taobao, Pinduoduo, JD

Source : China Internet Watch More