Total net revenue reached 18.8 billion yuan, and gross merchandise volume stood at 28.9 billion yuan, Vipshop said in a financial statement Wednesday. The company has remained profitable for 30 consecutive quarters.
The novel coronavirus outbreak has had some impact on China's economy, but as life and production gradually return to normal, the company's business has been recovering since March, said Eric Shen, chairman and CEO of Vipshop.
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