国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Technology

Vipshop to invest $34m in French retailer

By WANG ZHUOQIONG/MENG JING (China Daily) Updated: 2015-10-21 07:11

Vipshop to invest $34m in French retailer

Employees of French private sales website Showroomprive.com examine goods in Paris. The company, set up in 2006, has announced plans for an IPO. [Photo/Agencies]

Online retailer Vipshop Holdings Ltd is investing 30 million euros ($34 million) in French flash-sales site Showroomprive.com to further its overseas expansion, the Chinese company said on Tuesday.

According to Vipshop, based in Guangzhou, Guangdong province, the latest investment is a key step in its "going global" efforts. The company said it was looking forward to further collaborations with Showroomprive in the future.

Lu Zhenwang, an independent analyst at Shanghai Wangqing Consultancy, said the investment is an opportunity for Vipshop to add more high-end products to its portfolio and expand customer base.

"Vipshop's growth momentum is stalling due to the slowing Chinese economy and saturation of online shoppers," he said.

The Vipshop platform caters to mostly Chinese domestic brands. "By adding luxury goods to its online platform, Vipshop cannot only gain new customers, but also encourage existing customers to spend more," Lu said.

Vipshop posted a decline in revenue growth during the second quarter of the year. Revenue growth fell to 77.6 percent from 136.1 percent in the same quarter a year ago.

French online retailer Showroomprive is seeking as much as 373 million euros in an initial public offering to expand.

The IPO is set to value the company at as much as 870 million euros, Co-Chief Executive Officer Thierry Petit said on a conference call.

"There's a lot of room to grow, and we want to have the weapons for it," Petit said. "The world's strongest fashion brands are in France, in Italy. There's no doubt about the attractiveness of Europe in our industry."

French flash-sales sites, which offer goods at a discount for a limited period online, are targeting shoppers in neighboring countries to cope with a crowded market at home.

 

Hot Topics

Editor's Picks
...
遵化市| 新丰县| 镇坪县| 景谷| 元江| 澄江县| 六枝特区| 峨眉山市| 永胜县| 邯郸县| 那曲县| 江永县| 普陀区| 西青区| 平武县| 铜鼓县| 大安市| 嘉峪关市| 凤凰县| 东海县| 格尔木市| 清远市| 高平市| 乐至县| 安图县| 盐津县| 延寿县| 息烽县| 商都县| 临湘市| 麻阳| 永泰县| 琼结县| 凤台县| 马关县| 阿拉善右旗| 大城县| 武宁县| 隆子县| 玉田县| 永康市|