China discount etailer Vipshop’s active customers grew 36% in Q3 2020

China discount etailer Vipshop’s active customers grew 36% in Q3 2020
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The number of Vipshop’s active customers for the third quarter of 2020 increased by 36% year over year to 43.4 million from 32.0 million in Q3 2019.

Total orders for Q3 2020 increased by 35% year over year to 172.8 million from 127.6 million in Q3 2019.

See JD’s performance in the same quarter.

Vipshop Financial Results

Vipshop’s total net revenue for Q3 2020 increased by 18.2% year over year to RMB23.2 billion (US$3.4 billion) from RMB19.6 billion in the prior-year period.

GMV for the third quarter of 2020 increased by 21% year over year to RMB38.3 billion from RMB31.7 billion in the prior-year period.

Gross profit for Q3 2020 increased by 15.3% year over year to RMB4.9 billion (US$718.9 million) from RMB4.2 billion in the prior-year period.

Net income attributable to Vipshop’s shareholders for the third quarter of 2020 increased by 42.1% year over year to RMB1.2 billion (US$183.3 million) from RMB875.5 million in the prior-year period.

Non-GAAP net income attributable to Vipshop’s shareholders for the third quarter of 2020 increased by 15.2% year over year to RMB1.4 billion (US$204.1 million) from RMB1.2 billion in the prior-year period.

Top mobile shopping platforms in China: Taobao, Pinduoduo, JD

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