VIP Shop is a leading online discount retailer in China (listed in USA). They have just released their 4th qtr and annual results. Follow the link.
Annual turnover up 122.4% to USD 3.77B;
150.4% increase in active customers to 23.4million;
118.3% increase in total orders to 107.3million;
Gross margin nearly 25%;
Net income margin 3.6%
http://ir.vip.com/phoenix.zhtml?c=250900&p=irol-newsArticle&ID=2016983
IMO Ensogo can be a similar business in the rest of Asia. Management can learn a lot from the VIPShop story. It will take time and require patience.
Good to all and DYOR.
VIP Shop showing us the way forward
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