The share price of New York listed Chinese company Vipshop Holdings Limited (NYSE:VIPS) has increased by 124 percent, the returns of which top all the overseas companies listed on the U.S stock exchange this year, followed by Israeli company Caesar Stone Sdot-Yam Ltd with a far lower growth rate of 44 percent.

In comparison, the Bloomberg China-U.S. Equity Index only increased by 6.4 percent since 2012.

The economic slump in Asia has encouraged the demand for low-priced products. With such a background, the business model obtained the appreciation of American investors despite the slowdown of the economy, said Yang Donghao, chief financial officer of Vipshop.

Vipshop, founded in 2008, focuses on sales of discount brand goods, similarly to Amirican Gilt.com. The company has realized profitability for the first time in the third quarter this year, becoming the first profitable listed e-commerce company in China.

Due to the decreasing demands for Chinese stocks in the U.S. capital market, only three Chinese companies succeed this year in getting listed on American stock exchanges, with Vipshop being one of them. By contrast, 42 companies successfully held IPOs in the U.S in 2010.

The success of Vipshop is a result of the company’s strong ability to deliver the planned growth of revenue and profit, according to Josef Schuster, founder of American investment company Ipox Schuster.

“Vipshop can keep such a rapid increase as long as it retains its current revenue and profit growth rate,” said Josef Schuster.