GUANGZHOU, China, Nov. 24, 2019 /PRNewswire/ -- Vipshop
Holdings Limited (NYSE: VIPS), a leading online discount retailer
for brands in China ("Vipshop" or
the "Company"), today announced business cooperation with SF
Holding (SZSE: 002352). The Company will discontinue its
delivery business operated by Pinjun, and engage SF Holding to
provide delivery services to the Company. In addition, the Company
and SF Holding will work closely to ensure the transition is
carried out smoothly.
"We are delighted to have entered into the business cooperation
with SF Holding," said Mr. Eric
Shen, chairman and chief executive officer of Vipshop.
"Through this business cooperation, we aim to optimize the
efficiency of our logistics operations, decrease our fulfillment
expenses, and provide our valued customers with superior delivery
services offered by SF Holding."
About Vipshop Holdings Limited
Vipshop Holdings Limited is a leading online discount retailer
for brands in China. Vipshop
offers high quality and popular branded products to consumers
throughout China at a significant
discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a
sizeable and growing base of customers and brand partners. For more
information, please visit www.vip.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as Vipshop's strategic and operational plans,
contain forward-looking statements. Vipshop may also make written
or oral forward-looking statements in its periodic reports to the
U.S. Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about Vipshop's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Vipshop's goals and strategies; Vipshop's
future business development, results of operations and financial
condition; the expected growth of the online discount retail market
in China; Vipshop's ability to
attract customers and brand partners and further enhance its brand
recognition; Vipshop's expectations regarding demand for and market
acceptance of flash sales products and services; competition in the
discount retail industry; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in
Vipshop's filings with the SEC. All information provided in this
press release is as of the date of this press release, and Vipshop
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
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SOURCE Vipshop Holdings Limited