Brean Capital Remains Bullish Following Vipshop Holdings (VIPS) Strong Q1 Results
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Vipshop Reports Unaudited First Quarter 2015 Financial Results
May 13, 2015 4:01 PM EDTGUANGZHOU, China, May 13, 2015 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
Total net revenue increased by 100.0% year over year to RMB8.6 billion (US$1.4 billion) from RMB4.3 billion in the prior year period, primarily attributable to a 75.0% year-over-year increase in the number of active customers[1] to 12.9 million and a 90.0% year-over-year increase in total orders[2] to 38.5 million.... MoreVipshop Responds to Recent Allegations
May 13, 2015 9:53 AM EDTGUANGZHOU, China, May 13, 2015 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today issued the following statement in response to recent allegations made by a few short sellers. Vipshop believes these allegations are unfounded and contain numerous errors, unsupported speculation, and a general misunderstanding of the Company's business model. The Company has made its board of directors and its independent auditors aware of the reports, and will continue to review and address the allegations as appropriate, but today... More
