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Weipinhui

company

About

Weipinhui is a Chinese online discount retailer for brands.

Highlights

Stock Symbol
nyse:VIPS
Total Funding Amount
$1B
Funding Rounds
5
Investors
5
Investments
9
Lead Investments
6

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$20M
Industries
Customer Service,E-Commerce,Fashion,Retail,Shopping
Founded date
Aug 1, 2008
Number Of Employee
5001 - 10000
Operating Status
Active
Stock Symbol
nyse:VIPS
Legal Name
Vipshop Holdings Limited
Also Known As
唯品会,广州唯品会电子商务有限公司,Vipshop

Weipinhui (formerly Vipshop) is a Chinese online discount retailer for brands.

The company offers quality branded products to consumers throughout China at a significant discount from retail prices. Weipinhui has successfully created and proven that there is a third e-commerce model that can provide tremendous scale and profitability. By providing special offers and large discounts on branded products, the company has pioneered the online discount retail model in China.

Weipinhui has approximately 4.9 million cumulative customers and partnerships with over 5,800 domestic and international brands.

Weipinhui was founded in August 2008. The company raised $50 million in Series B from DCM and Sequoia Capital after securing 20 million in its Series A. On March 23, the company raised USD 72.64 million through its IPO.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$1B
Weipinhui has raised a total of $1B in funding over 2 rounds. Their latest funding was raised on Dec 18, 2017 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 18, 2017 Post-IPO Equity $863M 2 JD.com
Tencent 		— Detail
Mar 23, 2012 IPO $71.50M — — — Detail
Apr 1, 2011 Series B $41.24M 2 — — Detail
Jan 1, 2011 Series A $9.19M 1 Sequoia Capital China — Detail
Nov 8, 2010 Series Unknown $20M 2 DCM Ventures — Detail

Investments

Number of Investments
Number of Lead Investments
9
6
Weipinhui has made 9 investments. Their most recent investment was on Nov 22, 2022, when Rexing raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 22, 2022 Rexing
Angel — Fashion Yes
Sep 26, 2019 Cycode
Seed $4.60M Cyber Security —
Feb 13, 2019 Etailor
Series A ¥50M E-Commerce Yes
Apr 13, 2018 Chaolian
Angel ¥3M E-Commerce Yes
Nov 13, 2015 BRANDALLEY
Private Equity（PE） — Beauty —
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Investors

Number of Lead Investors
Number of Investors
4
5
Weipinhui is funded by 5 investors. JD.com and Tencent are the most recent investors.
Investor Name Lead Investor Funding Round
JD.com Yes Post-IPO Equity
Tencent Yes Post-IPO Equity
DCM Ventures — Series B
Sequoia Capital China — Series B
Sequoia Capital — Series Unknown

Employee Profiles

Number of Employee Profiles
9
Weipinhui has 9 current employee profiles, including Board member Hurst Lin
Hurst Lin
Board member
Eric Ya Shen
Executive
Eric Ya Shen
Board member
Arthur Hong
Executive
Arthur Hong
Board member
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Exits

Weipinhui has had 1 exits. Weipinhui most notable exits include Ensogo

Date Company Name Exit Type Industry
Jun 27, 2011 Ensogo M&A E-Commerce Detail

Acquisition

Weipinhui has acquired 1 organizations. Their most recent acquisition was Shanshan Business Group on Oct 10, 2019. They acquired Shanshan Business Group for ¥2.90B.

Date Company Name
Industry Acquisition Type Price
Oct 10, 2019 Shanshan Business Group
Construction acquisition ¥ 2.90B Detail
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