Vipshop Holdings (VIPS) Announces Prelim. Q3 Revenue of RMB8.6-8.7B

Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced the preliminary results for the third quarter of 2015 ended September 30, 2015.

For the third quarter of 2015, the Company expects its total net revenue to be between RMB8.6 billion and RMB8.7 billion, representing a year-over-year growth rate of approximately 61% to 63%. This is compared to the Company's previous guidance for third quarter 2015 total net revenue of RMB9.1 billion to RMB9.3 billion. The weaker-than-expected preliminary third quarter results for total net revenue are partially driven by the warmer-than-expected fall weather in China, which caused customers to delay purchases of relatively higher-priced autumn and winter apparel.

These preliminary, unaudited results are based on management's initial review of operations for the third quarter of 2015 ended September 30, 2015, and remain subject to change based on management's ongoing review of the third quarter results.

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