Weipinhui
About
Weipinhui is a Chinese online discount retailer for brands.
- Guangzhou,Guangdong,China
- 5001 - 10000
- http://www.vipshop.com
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
| 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
|
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 | — |
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
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 |
