UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2014
Commission File Number: 001-35454
Vipshop Holdings Limited
No. 20 Huahai Street
Liwan District, Guangzhou 510370
The Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Vipshop Holdings Limited | ||
|
| ||
|
| ||
|
By |
: |
/s/ Donghao Yang |
|
Name: |
: |
Donghao Yang |
|
Title: |
: |
Chief Financial Officer |
|
|
|
|
|
|
|
|
Date: February 18, 2014 |
|
|
|
Exhibit 99.1
Vipshop Acquires Controlling Interest in Lefeng
GUANGZHOU, China, February 14, 2014 Vipshop Holdings Limited (NYSE: VIPS) (Vipshop or the Company), Chinas leading online discount retailer for brands, announced today that it has acquired a 75% equity interest in Lefeng.com Limited (Lefeng) from Ovation Entertainment Limited (Ovation). Lefeng owns and operates the online retail business conducted through lefeng.com, an on line retail website specialized in selling cosmetics and fashion products in China. Immediately after the acquisition, the Company and Ovation hold 75% and 25%, respectively, of Lefeng. The total consideration payable by the Company for the acquisition is approximately US$132,500,000, including cash payment and financing in connection with assumed liabilities.
In connection with the acquisition, Vipshop entered into a framework supply agreement with the PRC affiliates of Lefeng and Ovation. Pursuant to the agreement, Ovation will supply cosmetics, apparel and other consumer products developed under Ovations proprietary brands to Vipshop for retail through vip.com and lefeng.com while Vipshop undertakes to achieve at least RMB900 million of sales of Ovation products in 2014 and has a right to receive progressive commissions based on the sales volume.
The acquisition of Lefeng supports our goals of diversifying our product offerings, expanding our customer reach and further enhancing our customers experience, said Mr. Eric Shen, chairman and chief executive officer of Vipshop. With this addition to the Vipshop platform, we will be able to immediately augment our cosmetics offering, further expanding upon our leadership in Chinas discount retail market. Were very excited to work with Jing Li and the Lefeng team and look forward to our strong future together.
Ms. Jing Li, chairwoman and founder of Ovation, commented, Were very pleased to join the Vipshop platform, which offers us immediate access to a very large and loyal customer base. In this acquisition, both parties stand to benefit substantially from the economies of scale inherent in combining our cosmetic product lines and customer service expertise with Vipshops customer reach and strong operational capabilities. We are confident in our ability to address the growing and diversified user demands for quality branded fashion products and believe this relationship will allow us to leverage each others core strengths.
About Vipshop Holdings Limited
Vipshop Holdings Limited (Vipshop or the Company) is Chinas leading online discount retailer for brands. 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 ir.vip.com.
Investor Relations Contact
Millicent Tu
Vipshop Holdings Limited
+86 (20) 2233-0732
IR@Vipshop.com
Jeremy Peruski
ICR, Inc.
+1 646-405-4866
IR@Vipshop.com