Vipshop Holdings (VIPS) Tops Q4 EPS by 8c, Revenues Beat

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Vipshop Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results

February 25, 2021 5:00 AM EST

GUANGZHOU, China, Feb. 25, 2021 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter and Full Year 2020 Highlights

Total net revenue for the fourth quarter of 2020 increased by 22.0% year over year to RMB35.8 billion (US$5.5 billion) from RMB29.3 billion in the prior year period. Total net revenue for the full year of 2020 increased by 9.5% year... More