According to Andy Yeung, an analyst in Oppenheimer, whose report on November 11 2013 showed that China B2C YoY increase rate was 50% in Q3, much lower than 82% growth rate in Q2 and 96% in Q1 2013.
Andy Yeung pointed out in the report that three Chinese B2C enterprises, which were Vipshop, dangdang and Lightinthebox, had good revenue growth rates in Q3. It would slow down in the coming quarters. The stock price of Vipshop had been growing 316.5% since the beginning of 2013.
Vipshop’s third quarter finance reported a total revenue of USD 383.7 million in Q3, 146.1% more than that of 2012. And the net profit reached USD 12 million in Q3 2013, while in last year, Vipshop suffered a USD 1.5 million net loss. Vipshop outperformed the market expectation.
Since the disappointing Q2 finance report launched in August 2013, Lightinthebox’s stock price dropped almost 50%.