Vipshop Holdings Ltd., headquartered in Guangzhou, China, is an online discount retailer that launched its IPO in 2012 and employs 6,815 people. The company offers a variety of branded products through flash sales on its websites, vip.com and lefeng.com, featuring items from over 17,000 brands.
VIPS has been in the news recently: Vipshop Holdings Limited reported second-quarter 2024 net revenues of RMB26.9 billion and a net income of RMB1.9 billion, despite a 3.6% decline in revenue and a drop in active orders. Following weak third-quarter guidance, shares of Vipshop (NYSE: VIPS) fell by 17.2% even though second-quarter earnings exceeded expectations.
📡️ Consumer Discretionary
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