Growth in Active Customers and Super VIP Membership
Total active customers regained year-over-year growth, with active super VIP customers growing by 11% year-over-year, contributing 51% of online spending.
Net Income and Shareholder Returns
Net income attributable to Vipshop Holdings Limited shareholders increased by 16.8% year-over-year to RMB1.2 billion. Over $730 million has been returned to shareholders through dividends and share buybacks.
Revenue Growth and Future Outlook
Total net revenues for the third quarter increased by 3.4% year-over-year to RMB21.4 billion. The company expects total net revenues for 2025 to be between RMB33.2 billion and RMB34.9 billion, representing a year-over-year increase of approximately 0% to 5%.
AI Integration and Technological Advancements
Deployment of AI agents to enhance key areas including search, recommendations, customer service, and marketing. Notable improvements in customer experience with AI-powered try-on features and AI advertising.