VIP Shop showing us the way forward, page-4

A future which to me at least is already knocking on the door:

"Vipshop’s strong performance is unsurprising given the exceptional growth it has enjoyed since its founding four years ago. The company is expected to deliver revenues this year of $3.6 billion, which would be 100 times what it recorded in sales four years ago. Gross margins have also widened from around 9.9% in 2010 to 24% last year. The combination of expanding sales and rising margins has transformed Vipshop from an unprofitable business to one that generated a 32% return on equity last year."

A striking resemblance, no? Only thing is we'd be increasing our turnover by 50 and not 100 times from the early beginnings of iBuy to reach VIP's current operating levels. Very possible!!