Vipshop posts Q2 net revenue of $830m

The net revenue of US-listed Vipshop Holdings Ltd in the second quarter of 2014 totaled $829.4 million, a 136.1 percent year-on-year increase, the company said on Thursday.

The leading online discount retailer selling brand name products in China announced its unaudited financial results for the quarter ending on June 30.

Net income attributable to Vipshop's shareholders increased by 192.1 percent to $26.4 million from 9.0 million in the same period in 2013. The net income margin increased to 3.2 percent from 2.6 percent year-on-year.