Vipshop Holdings Limited
A Chinese online discount retailer that pioneered the "flash sale" model, offering branded apparel, shoes, handbags, cosmetics, and home goods at steep markdowns for a limited time on its VIP.com platform. Founded in Guangzhou in 2008 by Eric Ya Shen and Arthur Xiaobo Hong, it grew into one of China's largest e-commerce players. Its name blends "VIP" with "shop," and it even runs physical outlet stores under the Shan Shan Outlets brand.
VIPSHOP HOLDINGS LTD - ADR