Vipshop upgrades its international business sector strategy

Vipshop Holdings Ltd, primarily known among its customers for its leading Chinese online flash sales site called vip.com, announced on Tuesday at a news conference in Chongqing that it plans to upgrade its international business sector.

The initiative will add more high-end and popular overseas products to its portfolio and is expected to expand its customer base, the company said.

Local government officials, the company's Chinese and foreign brand partners and representatives of foreign affairs from seven countries including Italy, South Korea and Australia attended the event.