In addition to earnings after the close, Vipshop Holdings (NYSE: VIPS) announced that on November 17, 2015, the Company's board of directors has approved a share repurchase program whereby the Company may purchase its own ADSs with an aggregate value of up to US$300 million over the next 24-month period, ending on November 16, 2017. The Company expects to fund the repurchase out of its existing cash balance, including cash generated from its operations.