综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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
...
闽清县| 安吉县| 永宁县| 越西县| 饶阳县| 宁武县| 乃东县| 罗源县| 临桂县| 安溪县| 咸丰县| 葫芦岛市| 文化| 凭祥市| 青岛市| 东城区| 桦南县| 平南县| 马鞍山市| 仪陇县| 敦化市| 宜州市| 富顺县| 色达县| 耒阳市| 扶沟县| 和林格尔县| 德惠市| 博白县| 淅川县| 京山县| 凉山| 闽清县| 五寨县| 邹城市| 尉氏县| 博乐市| 新巴尔虎右旗| 泰来县| 鹰潭市| 安溪县|