Vipshop Holdings (NYSE:
VIPS) is an online discount retailer (
vip.com) in China selling high-quality branded products. Over the past 2 years I have watched Vipshop rallied more than 3000%. I did not add it to my portfolio bcos I was skeptical about their growth prospect. However after looking at their revenue results this past 2 quarters, I've come to the conclusion they have plenty of growth ahead.
With recent revenue growth of 108+% YOY ($1.36 billion) and gross profit growing more than 100%, I am confident they will continue to do well even in a slowing chinese economy and is willing to bet$ on it. So to all those users online in China, I say
加油 ("add oil") :-) !
Basic info:
Market CAP: 16B Dividend %: none
Check out the rest of my
dividend and growth stock portfolio watchlist
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