Jumei International (JMEI), China’s No. 1 online retailer of beauty products, is expected to report double-digit revenue growth when it posts earnings after the market close Thursday. The consensus estimate on first-quarter revenue is $230.5 million, which would be up 49% from the year-earlier quarter and the fifth quarter in a row of double-digit growth. The consensus on earnings per share minus items, as polled by Thomson Reuters, is 9 cents.
Three of China’s big e-commerce companies will report third-quarter earnings next week. China’s largest direct sale e-commerce company JD.com (JD), known as China’s Amazon (AMZN), will report before the open Monday. Vipshop Holdings (VIPS), a Chinese flash-sales online apparel retailer, will report after the close Tuesday, while Jumei International (JMEI), one of China’s leading online retailers of beauty products, will report after the close
Alibaba Group, by far the No. 1 e-commerce firm in China, is expected as soon as the end of this month to make one of the biggest U.S. IPOs ever, but it will just add to an already sizable list of Chinese e-commerce companies trading in the U.S. By IBD Composite Rating (CR), the top China e-commerce firms are E-Commerce China Dangdang (DANG), JD.com (JD), Jumei International Holding (JMEI), Vipshop Holdings (VIPS) and 58.com (WUBA). Two of the