Latest UpdatesChina-based cross-border EC site operator Vipshop establishes Japanese corporation in Tokyo
Jul 11, 2016
A leading EC operator in China, Guangzhou Vipshop Information and Technology Co., Ltd. (Headquartered in Guangzhou, Guangdong), established a corporation Vipshop Japan Co., Ltd. in Tokyo.
The company was founded in 2008, and has been operating the EC site VIP.com in China since then. It entered the US market 2010 and was listed on the NY Stock Exchange (NYSE: VIPS) in 2012. Its total number of registered members reached 100 million and gross sales surpassed 800 billion yen in 2015. In the B2C EC market, particularly among flash sales sites* targeting women, it boasts one of the largest shares in China. The newly established Japanese corporation will be engaged in procurement from suppliers in Japan and provision of support for these suppliers to participate in VIP.com.
For the establishment of the local Japanese corporation, the JETRO Invest Japan Business Support Center (IBSC) provided support including information related to company establishment, consultation on tax affairs, referral to service providers and market information.
*Sales site on the web with special limited-time benefits such as discount rates