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Jim Cramer reveals the 'next great growth story'

Investors shopping for momentum might consider Vipshop, a Chinese online retailer that could be "the next great growth story," CNBC's Jim Cramer said Thursday.

Shares of the eCommerce company, which sells quality branded items at discount, have climbed roughly 86 percent year-to-date. Cramer thinks it has more room to run, too.

Vipshop.com signage
AP
Vipshop.com signage

On Thursday, Vipshop's stock continued to climb after the Internet company delivered a blow-out quarter. Before the bell, the retailer reported its first-quarter revenue grew by a whopping 125 percent. Vipshop also said its number of active users grew to 7.4 million from 2.8 million, a 165 percent increase.

"This stock is going to become what you hear Baidu is," said Cramer, referring to the Chinese web services company, which saw its stock gain roughly 63 percent in the past year.

It won't be long before Vipshop garners the same attention Baidu had on Wall Street, Cramer said.

"You're going to hear this stock mentioned over, and over, and over again. So start learning it now," Cramer said. "This kind of growth is going to be a magnet for growth momentum managers. They're going to go this way."

—By CNBC's Drew Sandholm.

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