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Organization and principal activities | 12 Months Ended
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Dec. 31, 2018
Organization and principal activities |
Organization and principal activities | 1. Organization and principal activities Vipshop Holdings Limited (the “Company”) was incorporated in the Cayman Islands on August 27, 2010. The Company, through its subsidiaries, its consolidated variable interest entities (“VIEs”) and VIEs' subsidiaries (collectively, the “Group”), operate online platforms that offer high-quality branded products to consumers in the People’s Republic of China (the “PRC”) through flash sales on its vipshop.com, vip.com and lefeng.com online platforms. Flash sale represents an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. As of December 31, 2018, the Company’s significant subsidiaries and consolidated VIEs consist of the following:
|  | Date of |  | Place of |  |  |  |
|  | incorporation/ |  | incorporation/ |  | Percentage of |  |
Name of subsidiaries |  | establishment |  | establishment |  | shareholdings |  | Principal activities
Vipshop International Holdings Limited (“Vipshop HK”) |  | October 22, 2010 |  | Hong Kong |  | 100 | % | Investment holding and online retail
Vipshop (China) Co., Ltd. (the “WFOE”) |  | January 20, 2011 |  | China |  | 100 | % | Warehousing, logistics, procurement, research and development, consulting
Vipshop (Kunshan) E-Commerce Co., Ltd. (“Vipshop Kunshan”) |  | August 2, 2011 |  | China |  | 100 | % | Warehousing and logistics
Vipshop (Jianyang) E-Commerce Co., Ltd. (“Vipshop Jianyang”) |  | February 22, 2012 |  | China |  | 100 | % | Warehousing and logistics
Vipshop (Tianjin) E-Commerce Co., Ltd. (“Vipshop Tianjin”) |  | July 31, 2012 |  | China |  | 100 | % | Warehousing and logistics
Guangzhou Pinwei Software Co., Ltd. (“Pinwei Software”) |  | December 6, 2012 |  | China |  | 100 | % | Software development and information technology support
Vipshop (Zhuhai) E-Commerce Co., Ltd. ("Vipshop Zhuhai") |  | July 16, 2013 |  | China |  | 100 | % | Supplier chain service
Vipshop (Hubei) E-Commerce Co., Ltd. ("Vipshop Hubei") |  | July 4, 2013 |  | China |  | 100 | % | Warehousing and logistics
Shanghai Pinzhong Commercial Factoring Co., Ltd. ("Pinzhong Factoring") |  | August 1, 2013 |  | China |  | 100 | % | Business financing
Chongqing Vipshop E-Commerce Co., Ltd. ("Vipshop Chongqing") |  | October 22, 2013 |  | China |  | 100 | % | Warehousing and logistics
Vipshop (Zhaoqing) E-Commerce Co., Ltd. ("Vipshop Zhaoqing") |  | November 22, 2013 |  | China |  | 100 | % | Warehousing and logistics
|  | Date of |  | Place of |  | Economic |  |
Name of consolidated VIEs |  | incorporation |  | incorporation |  | interest held |  | Principal activities
Guangzhou Vipshop E-Commerce Co., Ltd. ("Vipshop E-Commerce") |  | June 22, 2017 |  | China |  | VIE |  | Online retail

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