Vipshop(US:VIPS) Zheng Quan Shi Bao Wang·2025-06-22 11:46Core Viewpoint - The recent anti-corruption efforts have reached the e-commerce platform Vipshop, with the company's marketing vice president being investigated for personal economic issues, although the company claims that overall operations remain normal and unaffected by this case [2]. Company Summary - Vipshop's marketing vice president, Feng Jialu, has been detained due to internal anti-corruption investigations, and the company has a zero-tolerance policy towards corruption [2]. - Feng Jialu has over 10 years of experience at Vipshop and has previously held significant roles in brand marketing at Procter & Gamble and other firms [2]. - Vipshop's financial performance shows a decline, with Q1 2025 revenue at 26.3 billion RMB, down 4.7% year-on-year, and a net profit of 2.3 billion RMB, down 11.5% [3]. Industry Summary - The trend of anti-corruption within major internet companies is increasing, with several cases reported, including investigations at Ele.me and Huawei for various misconducts [5][6]. - A report indicated that from 2020 to 2024, 127 cases of corruption involving internet company employees were adjudicated, with total amounts involved exceeding 305 million RMB [6].