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Vipshop's Latest Surge Adds To Its Standing As Top-Performing Chinese IPO In The U.S.
Photo Credit: Forbes Business

Vipshop's Latest Surge Adds To Its Standing As Top-Performing Chinese IPO In The U.S.

Mar 5 2014, 9:18am CST | by

The 32% rise yesterday in the share price of online discount retailer Vipshop Holding added anew to the company’s standing as best-performing Chinese IPO in the U.S. in the past two years. Vipshop’s...

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21 weeks ago

Vipshop's Latest Surge Adds To Its Standing As Top-Performing Chinese IPO In The U.S.

Mar 5 2014, 9:18am CST | by

The 32% rise yesterday in the share price of online discount retailer Vipshop Holding added anew to the company’s standing as best-performing Chinese IPO in the U.S. in the past two years.

Vipshop’s huge 30 fold rise from $5.5 per share at the time of its IPO in March 2012 to $169 at closing yesterday morning was four times as big as social site YY, which has returned 670%. Vipshop has had the highest return among all the 11 Chinese IPOs in the U.S. from 2012 to 2013, based on figures presented by Andy Hall, managing director for new listings at the Nasdaq, in a talk organized by the China-U.S. Chamber of Commerce last week in New York.

Shares of New York-traded Vipshop climbed yesterday after the company unexpectedly strong fourth-quarter results. Sales rose 117% from a year ago amid a doubling of active customers. Its gross margin has steadily improved from 21% at the time of its IPO to 24.5% in the fourth quarter. In comparison, Dangdang, another well-known Chinese e-commerce had a margin of 17.6% in the third quarter of 2013.

When I first wrote about Vipshop in November, only one of the co-founders, Eric Shen, met the Forbes China Rich List cut-off line of $600 million fortune. But the recent jump in stock price has also lifted co-founder Arthur Hong into the ranks of the world’s richest people.  China has a record 152 members of the new Forbes Billionaires List published this week. Among them are Zhou Hongyi, co-founder of Beijing-based Internet security and search company Qihoo 360 Technology, and Mo Tianquan, chairman of online real estate information provider Soufun.

The five-year-old company has largely relied on organic growth driven by online flash sale of mid to high-end discounted clothing, cosmetics and accessories, in what Deutsche Bank calls an “acutely under-penetrated and still-underestimated China discount market.” In its first acquisition, Vipshop last month bought a 75% stake in Chinese cosmetics online retailer Lefeng for $132 million. It also purchased 23% of Lefeng’s parent company for $56 million. The partnership is expected to generate at least $146 million revenue from Lefeng products in the coming year, according to a press release.

Follow me on Twitter @Hengshao90s.

Source: Forbes Business

 
Update
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7 weeks ago

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Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told ...
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7 weeks ago

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KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was br ...
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Update
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7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states last month. ...
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Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an all ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
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8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara ...
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