Vipshop’s loss shrinks in Q3

Source:Global Times Published: 2012-11-15 0:10:06

Chinese online retailer vipshop.com's loss has narrowed to $1.5 million in the quarter ended September 30, compared with a total loss of $17.5 million in the prior year period, the company said Wednesday.

In the third quarter, its total revenue surged 197 percent to $155.9 million, according to Vipshop's financial results.

Vipshop has attributed the increase to the establishment of several regional sub-sites in China. For the full year of 2012, the company expects its net revenues to reach up to $632 million.



Posted in: Companies

blog comments powered by Disqus