Tag Archives: vipshop

VIPSHOP latest Business & Financial news from Doug Young, the Expert on Chinese E-Commerce Companies

Vipshop Shares Under Attack, YY Next?

Vipshop shares come under attack

The inevitable has happened as soaring discount online retailer Vipshop (NYSE: VIPS) finally became too irresistible a target for short sellers, who sensed the company’s stock had become a little too overinflated. This kind of attack doesn’t surprise me at all since Vipshop shares have risen more than 7-fold over the last 8 months. I’m not a big fan of short sellers in general, but I might even have to commend the attacker in this case for spotting an easy target and most likely making some big money with relatively minimal effort. Read Full Post…

News Digest: May 30, 2013

The following press releases and media reports about Chinese companies were carried on May 30. To view a full article or story, click on the link next to the headline.
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  • China Pork Appetite Spurs Shuanghui’s $4.7 Bln Smithfield (NYSE: SFD) Buy (English article)
  • Deloitte Asks Court To Dismiss SEC Audit Case; Cites China Deal (English article)
  • Sprint (NYSE: S), SoftBank Receive Clearance From CFIUS In The US (Businesswire)
  • Trina Solar (NYSE: TSL) Announces Q1 Results (PRNewswire)
  • Report Accuses Vipshop (NYSE: VIPS) Of Deceptive Accounting, Shares Drop (Chinese article)

LightInTheBox IPO Moves Ahead

LightInTheBox IPO back on track

Today I want to give myself the poor timing award for my recent remarks about the upcoming New York IPO for Chinese e-commerce firm LightInTheBox. A day after commenting that the company’s IPO had mysteriously disappeared 5 weeks after it was first announced, media are now reporting that the offering is indeed moving ahead with a new public filing. (Chinese article) What’s more, my speculation that the silence could be due to lack of investor interest also seems to be at least partly incorrect, since the latest reports indicate the company could still raise up to the full $86 million that it had originally indicated in its first public filing in April. Read Full Post…

Sina Runs On Weibo, Dangdang On Marketplace

Sina Weibo hopes fuel share rally after results

As today marks the unofficial end of a long earnings season, I thought I would take a look at the latest numbers from Sina (Nasdaq: SINA) and Dangdang (NYSE: DANG), 2 former superstars that are trying to make difficult transitions to remain relevant on the Chinese Internet. Frankly speaking, the numbers from both companies don’t look very exciting and seem to reflect continuing difficulties at both companies. But investors seem to be overlooking the troubles and instead are focusing on the few bits of good news in the reports, with shares of both companies posting solid gains after their financials came out. Read Full Post…

Youku Tudou In Flux, Vipshop Pauses

Youku Tudou rallies after results

There’s a flood of earnings out today from US-listed Chinese firms, so I’ve decided to focus on online video leader Youku Tudou (NYSE: YOKU) and fast rising e-commerce firm Vipshop (NYSE: VIPS), whose shares are showing some unusual reaction to their respective results. In both cases, market outlook was clearly a major factor that helped Youku Tudou shares rally despite a weak report, even as Vipshop tumbled on what seemed like solid results. Read Full Post…

IPOs Heat Up With Sinopec Unit, Galaxy

Galaxy Securities launches HK IPO

After a dismal first quarter, we’re seeing the latest signs of new life in the moribund market for offshore Chinese IPOs with the planned launch of 2 major new offerings later this week in Hong Kong. The pair of IPOs, one for brokerage Galaxy Securities and the other for a unit of oil major Sinopec (HKEx: 386; Shanghai: 600028; NYSE: SNP), could raise up to $3.5 billion combined, following a dismal first quarter for new listings. The IPOs would also come as online retailer LightInTheBox seeks to launch the year’s first public offering for a Chinese company in New York later this month. Read Full Post…

IPOs: LightInTheBox Files, China Auto Reawakens

China Auto ties up with Hertz

After nearly half a year of inactivity, signs of a spring for China IPOs in New York are finally appearing with the first public filing by an online retailer named LightInTheBox. At the same time, auto rental specialist China Auto Rental has just formed an important new tie-up with global peer Hertz (NYSE: HTZ), leading media to speculate the company could soon restart its IPO that it aborted more than a year ago due to weak market sentiment. I have to say that both of these potential IPOs caught me a bit by surprise, as neither was the kind of exciting deal I was looking for to rekindle interest in the moribund market for new Chinese listings. Read Full Post…

Vipshop Posts Profit, Enters $1 Bln Club 唯品会公布利润,进入10亿美元级俱乐部

Online discount retailer Vipshop (NYSE: VIPS) emerged as one of China’s most remarkable turnaround stories in 2012, as its shares rallied sharply in the second half of the year after a miserable IPO. Now the company is passing more new milestones, reporting its first-ever profit in the fourth-quarter of 2012 and also entering the relatively small club of Chinese Internet firms that can boast of market values of $1 billion or more. The company has also solidified its position as China’s most valuable publicly traded e-commerce firm, after taking the title from older rival Dangdang (NYSE: DANG) last fall.

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News Digest: February 22 报摘:2013年2月22日

The following press releases and media reports about Chinese companies were carried on February 22. To view a full article or story, click on the link next to the headline.
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  • Vipshop (NYSE: VIPS) Reports Q4 and Full Year 2012 Financial Results (PRNewswire)
  • Court To Hear Baidu (Nasdaq: BIDU) Case against Qihoo 360 (NYSE: QIHU) (English article)
  • China Mobile (HKEx: 941) 4G Network To Reach 100 Cities This Year (Chinese article)
  • Suning (Shenzhen: 002024) Announces New Company Structure (English article)

News Digest: February 8 报摘:2013年2月8日

The following press releases and media reports about Chinese companies were carried on February 8. To view a full article or story, click on the link next to the headline.
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  • Vipshop (NYSE: VIPS) Stock Jumps 22 Pct, Worth 4 Dangdangs (NYSE: DANG) (Chinese article)
  • Sina (Nasdaq: SINA) Microblog Android Version Supports WeChat Sharing (English article)
  • Minsheng (HKEx: 1988) Approved Offer 20 Bln Yuan in Convertible Bonds (HKEx announcement)
  • Xunlei Sues Youku (NYSE: YOKU), Douban for IPR Infringement (English article)
  • Alcatel Lucent (Paris: ALUA) China Workers To Take Unpaid Leave -Source (Chinese article)

Dangdang, Vancl in Overhauls 当当网转型 凡客诚品瘦身

Media are reporting that online retailers Dangdang (NYSE: DANG) is launching a major overhaul and Vancl is facing issues from its own big retrenchment, as each searches for elusive profits that have become increasingly hard to find in the current cutthroat e-commerce space. In Dangdang’s case, the company is attempting to focus on several key product groups, giving up its previous aim of becoming a general merchandise giant like Amazon (Nasdaq: AMZN). Meantime, online clothing retailer Vancl’s own ongoing slimming exercise has left it so lean that it is reportedly running into logistical problems that are resulting in delayed shipments to some of its customers. All of this reflects just how difficult China’s e-commerce environment has become, with most companies resorting to desperate measures in their bids to conserve cash and become profitable in the ultra-competitive space.

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