GUANGZHOU, Aug. 19 (Xinhua) -- China's major online discount retailer Vipshop Holdings Ltd. generated total net revenues of 24.1 billion yuan (about 3.5 billion U. S. dollars) in the second quarter (Q2), representing an increase of 6 percent year on year, it said in a report on Wednesday.
The NYSE-listed company announced its unaudited financial results for Q2 on Wednesday, reporting that the number of active users increased by 17 percent year on year to 38.8 million and the company received 170.5 million online orders, up by 15 percent year on year.
Affected by the COVID-19 epidemic, domestic and foreign brands have become keen on online sales promotions, driving up Vipshop's performance in Q2 with sustaining profits for 31 consecutive quarters.
Eric Shen, chairman and CEO of Vipshop, said the company's continuous growth showed consumers' recognition of cost-effective goods. In the future, the company will continue to devote itself to purchasing discount selections of products and increase customized products with well-known brands.
Launched in 2008 as Vipshop.com, the company was listed on the New York Stock Exchange in 2012, and a year later launched Vip.com. Enditem
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