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The Latest Breaking News from Vipshop Holdings Ltd

Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2022

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Benzinga · Aug 22, 2022

Vipshop Plans $1B Share Buyback Program

Vipshop Holdings Ltd (NYSE:VIPS) board of directors has authorized a new share repurchase program for up to $1 billion of its American depositary shares or Class A ordinary shares over the next 24-month period. The company's board will review the share repurchase program periodically and may authorize adjusting its terms and size. The…

Benzinga · Mar 31, 2022

Here's Why Morgan Stanley Prefers JD.com Over Alibaba

Morgan Stanley analyst Eddy Wang lowered the firm's price target on JD.com Inc (NASDAQ:JD) to $85 from $98 (40.5% upside) and kept an Overweight rating on the shares. He has cut his non-GAAP net profit estimates by 10% for 2022/23 to reflect lower revenue and margin forecasts due to weak consumption. Both Alibaba Group Holding Ltd (NYSE:BABA)…

Benzinga · Mar 8, 2022

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Vipshop Shares Drop On Q4 Revenue Miss, Weak Q1 Outlook

Vipshop Holdings Ltd (NYSE:VIPS) reported a fourth-quarter FY21 revenue decline of 4.6% year-on-year to $5.36 billion, missing the consensus of $5.59 billion. Drivers: Vipshop's GMV declined 3.9% Y/Y to RMB57 billion. The number of active customers decreased 7.2% Y/Y to 49.2 million. Total orders fell 4.6% Y/Y to 216.9 million. Margins: The gross margin contracted…

Benzinga · Feb 23, 2022

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