Internet and Catalog Retail
Company Overview of Vipshop Holdings Limited
Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. It offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, jewelry, watches, and glasses for women and men. The company also provides handbags, such as purses, satchels, duffel bags, and wallets; apparel, gear and accessories, furnishings and decor, toy...
No. 20 Huahai Street
Founded in 2008
Key Executives for Vipshop Holdings Limited
Vipshop Holdings Limited does not have any Key Executives recorded.
Vipshop Holdings Limited Key Developments
Glancy Prongay & Murray LLP Files Class Action on Behalf of Vipshop Holdings Ltd
Jun 19 15
Glancy Prongay & Murray LLP announced that a class action complaint has been filed on behalf of a class comprising purchasers of the securities of Vipshop Holdings Ltd. between February 17, 2015 and May 11, 2015, inclusive. This class action seeks to recover damages against defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. Investors have until July 20, 2015 to file a motion for appointment as a lead plaintiff in the class action. The complaint, filed against the company and its executives, alleges that defendants made false and/or misleading statements and/or allegedly failed to disclose that: Vipshop manipulated and overstated sales, receivables, profit, cash flows, and asset accounts including inventory and investments; that Vipshop’s financial statements contained GAAP violations by reporting revenue on a 'gross' basis, despite the fact that the vast majority of the company's sales are under a consignment arrangement; that Vipshop’s internal controls over financial reporting were ineffective; and, that as a result of the foregoing, Vipshop's public statements were materially false and misleading at all relevant times. Upon disclosure of the Company’s fraudulent behavior, shares of Vipshop declined in value, thereby damaging investors.
The Rosen Law Firm Announces the Filing of a Securities Class Action Against Vipshop Holdings Limited
May 20 15
The Rosen Law Firm announced that a class action lawsuit has been filed on behalf of purchasers of Vipshop Holdings Limited's securities from February 17, 2015 through May 11, 2015. The lawsuit seeks to recover damages for Vipshop investors under the federal securities laws. The lawsuit claims that defendants during the Class Period misrepresented Vipshop’s business and operations. Specifically, the lawsuit claims that defendants misstated and/or failed to disclose that: (1) Vipshop manipulated and overstated its sales, receivables, profit, cash flows, and asset accounts; (2) Vipshop’s financial statements contain GAAP violations by reporting revenue on a gross basis even though the vast majority of its sales are under a consignment arrangement; (3) Vipshop’s internal controls over financial reporting were ineffective; and (4) as a result, Vipshop’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Vipshop Holdings Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Revenue Guidance for the Second Quarter of 2015
May 13 15
Vipshop Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total net revenues of RMB 4,306,363,000 compared to RMB 8,612,699,000 a year ago. Income from operations was RMB 185,528,000 compared to RMB 394,960,000 a year ago. Income before income taxes and share of loss of affiliates was RMB 219,344,000 compared to RMB 453,422,000 a year ago. Net income was RMB 151,379,000 compared to RMB 341,306,000 a year ago. Net income attributable the company’s shareholders was RMB 163,156,000 compared to RMB 367,509,000 a year ago. Diluted net earnings per class A and class B share were RMB 1.37 compared to RMB 3.07 a year ago. Diluted net earnings per ADS was RMB 0.27 compared to RMB 0.61 a year ago. Non-GAAP income from operations was RMB 262,692,000 compared to RMB 517,328,000 a year ago. Non-GAAP net income was RMB 225,514,000 compared to RMB 461,705,000 a year ago. Non-GAAP net income attributable to the company’s shareholders was RMB 231,543,000 compared to RMB 477,058,000 a year ago. Diluted Non-GAAP net income per Class A and class B share was RMB 1.94 compared to RMB 3.99 a year ago. Diluted Non-GAAP net income per ADS was RMB 0.41 compared to RMB 0.83 a year ago. Net cash from operating activities was RMB 493.3 million.
The company provided revenue guidance for the second quarter of 2015. For the quarter, the Company expects its total net revenue to be between RMB 8.7 billion and RMB 8.9 billion, representing a year-over-year growth rate of approximately 71% to 75%. These forecasts reflect the Company’s current and preliminary view on the market and operational conditions, which is subject to change.
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