As 2019 initially witnessed more than USD 10,000 of per capita GDP in China, consumption upgrade spurs rapid iteration of new retailing industry. In this year, Vipshop constantly optimized business models, achieving 566 million orders and over 340 million members. We also acquired Shan Shan Commercial Group to accelerate our online-offline integrated all-channel flash sale platform. Keeping our mission and original aspiration of “improving quality of life and enhancing experience of happiness” at this ever-changing age, Vipshop devotes to driving innovation and transformation to create greater value for consumers, partners and the society.
Combat the Pandemic All Together
In 2020, the emergent Covid-19 pandemic not only threatens public health but also challenges economic development. Facing this harsh situation, Vipshop made immediate actions to offer various supports and combat the pandemic together with medical staff, brand partners and our employees. To assist Hubei in fighting against the pandemic and precisely fulfil the urgent needs of medical equipment, Vipshop donated RMB 20 million on January 27 and timely purchased 100 respirators and 55 oxygenerators together with partners. Furthermore, we took full advantages of our platform strength to globally collect masks, sterilization supplies and other anti-pandemic products to protect individual health and ensure sufficient livelihood goods. We also carried out five supporting measures to brand partners and offered RMB 300 million sales subsidies to help them get over the tough time and boost economic recovery.
Protect the Green Earth
Human beings link closely with the nature. As the global climate crisis deteriorates, Vipshop adheres to green development throughout the whole process of office work, warehousing, packaging and transportation, so as to keep reducing carbon footprints in operations. In 2019, Vipshop made remarkable achievements in green logistics construction, including 30,385 tons of carbon emission reduced by photovoltaic power generation in logistics hubs, and 72.5% drop of paper packaging materials by adoption of innovative environmental-friendly materials and optimization of package design. As a result, results of 2019 DJSI shown that Vipshop took the first place in the global retail industry in terms of “packaging”.
Create a Sustainable Workplace
In the ceaselessly evolving Internet world, high-quality employees are crucial to sustainable development and competitiveness of organizations. In line with strategic development and our employees’ characteristics, we have formed HR development strategies covering sound training systems, fair and incentive career roadmaps, diversified and harmonious workplace and human-oriented welfare mechanism, which can improve the employees’ professional abilities, inspire innovation and collaboration, and achieve a united win-win and self-improvement family striding toward a bright future.
Build a Harmonious Community
Vipshop regards charity as the basic responsibility of a corporate citizen. Our charity work stresses on diversity, equality and empowerment. Keeping eyes on youth development, women empowerment and targeted poverty alleviation in tour practice, we constantly iterate over charity models from a strategic perspective in order to realize social effectiveness of charity programs in full swing. As of the end of 2019, we have invested over RMB 200 million in charity.
2020 is a decisive year for the success of poverty alleviation. Responding to the call of Chinese government, Vipshop Education Sponsorship has taken active movements to assist poverty alleviation through education which benefits over 39,700 needy students; VIP Love Workshop and VIP Love Aid for Agriculture supported 76 poverty-stricken counties with e-commerce business. With our help, 11 VIP Mothers Artisan Cooperatives were constructed, 38 exhibits of agricultural products were hold, and over 6000 poverty-stricken people earned more than RMB 10 million income.
Inheriting our original aspiration to the future, Vipshop will join in hands with you to fulfill our responsibilities armed with creativity and explore all future potentials, making greater contribution to our society.