olivLaw · US equity research
Vipshop Holdings Limited VIPS
Retail-Catalog & Mail-Order Houses · SIC 5961 · Vertical: Retail-Catalog & Mail-Order Houses (SIC 5961)
Vipshop is an off-price retailer in China that sells branded products at deep discounts through its mobile app, the vip.com website and offline channels. In fiscal 2025 it generated total net revenues of 105.92 bn RMB, down from the prior year, while its active customer count stayed broadly stable. The company remains one of the largest off-price commerce platforms in China.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Vipshop Holdings Limited (VIPS) stock was 13.77 USD (+5.60% on the day), with market capitalisation 0 USD, P/E 1.4 on diluted EPS of 10.12 USD over the last 12 months, beta 0.62, 52-week range 12.09–20.29 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 64.9
- strong (55–70)
- Bollinger (20, 2)
- 12.31 – 13.44
- above the upper band · %B 1.29 · band width 8.8%
- SMA 50 / 200
- 12.77 / 14.56
- mixed trend
- MACD (12, 26, 9)
- 0.10 / 0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +8.3% | −1.1% | +9.4 pp | — |
| 3 months | −11.4% | −0.5% | −10.9 pp | — |
| 6 months | −6.5% | +4.4% | −10.9 pp | — |
| Year to date | −22.2% | +12.3% | −34.5 pp | — |
| 1 year | −23.2% | +13.5% | −36.8 pp | +6.8% |
| 3 years | −11.3% | +76.4% | −87.7 pp | +16.0% |
| 5 years | +25.0% | +63.7% | −38.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 10-quarter history (min 1.4, median 2.2, max 4.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.3 bn | 13.4 bn | 15.6 bn | 18.4 bn | 15.0 bn | 15.9 bn | 14.9 bn | 15.1 bn |
| Revenue YoY | +9.7% | +8.7% | +16.9% | +17.7% | −18.6% | +6.3% | −6.6% | +2.0% |
| Net income | 310.3 m | 572.6 m | 907.2 m | 736.4 m | 915.1 m | 1.2 bn | 1.1 bn | 1.0 bn |
| Net income YoY | +6.7% | +84.5% | +58.4% | −18.8% | +24.3% | +26.2% | −7.0% | −3.6% |
| Diluted EPS | 2.27 | 4.25 | 6.56 | 5.29 | 7.13 | 10.16 | 9.83 | 10.12 |
| Diluted EPS YoY | −7.3% | +87.2% | +54.4% | −19.4% | +34.8% | +42.5% | −3.2% | +3.0% |
| net % | 2.5% | 4.3% | 5.8% | 4.0% | 6.1% | 7.3% | 7.2% | 6.8% |
| Free cash flow | 469.2 m | 1.3 bn | 1.5 bn | 629.6 m | 1.2 bn | 1.7 bn | 877.6 m | 782.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 3.3 bn USD
- Financial debt
- 835.8 m USD
- Net debt
- -2.5 bn USD
- Equity
- 6.4 bn USD
- Total assets
- 11.3 bn USD
- Debt / equity
- 0.13x
- Current ratio
- 1.28x
- ROE
- 17.2%
- ROA
- 9.6%
- FCF margin
- 5.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 15.6 bn | 18.4 bn | 15.0 bn | 15.9 bn | 14.9 bn | 15.1 bn | SEC (XBRL)· 16 Apr 2026verified |
| Cost of revenue | 12.3 bn | 14.7 bn | 11.8 bn | 12.3 bn | 11.4 bn | 11.6 bn | SEC (XBRL)· 16 Apr 2026verified |
| Gross profit | 3.3 bn | 3.6 bn | 3.1 bn | 3.6 bn | 3.5 bn | 3.5 bn | SEC (XBRL)· 16 Apr 2026verified |
| Operating income | 898.1 m | 876.0 m | 898.5 m | 1.3 bn | 1.3 bn | 1.2 bn | SEC (XBRL)· 16 Apr 2026verified |
| Interest expense | 10.3 m | 2.3 m | 3.5 m | 3.2 m | 7.9 m | 12.9 m | SEC (XBRL)· 16 Apr 2026verified |
| Pre-tax income | 1.1 bn | — | — | — | — | 1.3 bn | SEC (XBRL)· 16 Apr 2026verified |
| Income tax | 173.2 m | 191.9 m | 255.0 m | 262.8 m | 317.2 m | 257.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Net income | 907.2 m | 736.4 m | 915.1 m | 1.2 bn | 1.1 bn | 1.0 bn | SEC (XBRL)· 16 Apr 2026verified |
| Diluted EPS | 6.56 | 5.29 | 7.13 | 10.16 | 9.83 | 10.12 | SEC (XBRL)· 16 Apr 2026verified |
| Weighted average diluted shares | 138.0 m | 138.7 m | 128.2 m | 112.6 m | 107.9 m | 102.4 m | SEC (XBRL)· 16 Apr 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.8 bn | 2.6 bn | 3.2 bn | 3.6 bn | 3.6 bn | 3.3 bn | SEC (XBRL)· 16 Apr 2026verified |
| Receivables | 51.3 m | 72.0 m | 82.3 m | 109.7 m | 125.4 m | 127.2 m | SEC (XBRL)· 16 Apr 2026verified |
| Inventories | 1.2 bn | 1.1 bn | 799.7 m | 795.0 m | 689.4 m | 736.9 m | SEC (XBRL)· 16 Apr 2026verified |
| Current assets | 4.8 bn | 5.2 bn | 4.9 bn | 5.3 bn | 5.2 bn | 5.7 bn | SEC (XBRL)· 16 Apr 2026verified |
| Property, plant & equipment, net | 2.1 bn | 2.3 bn | 2.4 bn | 2.4 bn | 2.5 bn | 2.6 bn | SEC (XBRL)· 16 Apr 2026verified |
| Goodwill | 91.0 m | 92.5 m | 109.5 m | 106.4 m | 103.5 m | 108.0 m | SEC (XBRL)· 16 Apr 2026verified |
| Intangibles (excl. goodwill) | 51.0 m | 50.4 m | 48.8 m | 46.9 m | 44.9 m | 46.3 m | SEC (XBRL)· 16 Apr 2026verified |
| Total assets | 9.0 bn | 9.8 bn | 9.5 bn | 10.2 bn | 10.3 bn | 11.3 bn | SEC (XBRL)· 16 Apr 2026verified |
| Accounts payable | 2.3 bn | 2.1 bn | 2.2 bn | 2.4 bn | 2.1 bn | 1.8 bn | SEC (XBRL)· 16 Apr 2026verified |
| Short-term debt | 159.9 m | 310.0 m | 389.6 m | 200.8 m | 328.7 m | 835.8 m | SEC (XBRL)· 16 Apr 2026verified |
| Current liabilities | 4.1 bn | 4.0 bn | 4.1 bn | 4.3 bn | 4.1 bn | 4.4 bn | SEC (XBRL)· 16 Apr 2026verified |
| Total liabilities | 4.5 bn | 4.5 bn | 4.6 bn | 4.8 bn | 4.6 bn | 4.9 bn | SEC (XBRL)· 16 Apr 2026verified |
| Equity | 4.5 bn | 5.3 bn | 4.9 bn | 5.4 bn | 5.7 bn | 6.4 bn | SEC (XBRL)· 16 Apr 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.8 bn | 1.1 bn | 1.5 bn | 2.0 bn | 1.3 bn | 1.1 bn | SEC (XBRL)· 16 Apr 2026verified |
| Capex | 342.9 m | 428.8 m | 352.4 m | 305.2 m | 373.1 m | 284.0 m | SEC (XBRL)· 16 Apr 2026verified |
| Free cash flow | 1.5 bn ≈ | 629.6 m ≈ | 1.2 bn ≈ | 1.7 bn ≈ | 877.6 m ≈ | 782.0 m ≈ | SEC (XBRL)· 16 Apr 2026derived |
| Investing cash flow | -1.0 bn | -365.1 m | 152.1 m | -726.8 m | -488.5 m | -1.2 bn | SEC (XBRL)· 16 Apr 2026verified |
| Financing cash flow | -3.2 m | -9.2 m | -808.1 m | -865.6 m | -680.8 m | -276.8 m | SEC (XBRL)· 16 Apr 2026verified |
| Dividends paid | — | — | — | — | — | 256.7 m | SEC (XBRL)· 16 Apr 2026verified |
| Share repurchases | — | 304.2 m | 907.3 m | 719.3 m | 529.6 m | 706.5 m | SEC (XBRL)· 16 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 74 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 0 USD
Key indicators
Coverage and freshness
Score by group
- Valuation100
- Balance sheet76
- Quality80
- Growth43
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 208.45 – 308.79 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · insufficient data
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E208.45 – 308.79 (Mid 220.48)7 companies used · median multiple 21.8x · quartiles 20.6x – 30.5xAMZN, CDW, CHWY, GCT, HOUR, NSIT, RVLV
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 74/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 29.4% | 83 (vs peers) | 16% |
| Net margin · Quality | 6.8% | 89 (vs peers) | 10% |
| FCF conversion · Quality | 75.5% | 65 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 0.4% | 4 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | 12.4% | 83 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 90.4x | 100 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.3x | 40 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 1.4x | 100 (vs peers) | 16% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 32.8% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet76/100 · 2/3 factors with a value
- Growth43/100 · 2/2 factors with a value
- Quality80/100 · 3/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Vipshop Holdings Limited (VIPS). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 15.1 bn USD in 2025; YoY growth 2.0%; net margin 6.8%; ROE 18.3%.
The estimated value range is 208.45–308.79 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 220.48 USD, the price of 13.77 USD leaves a potential of 1,501.2% (value / price − 1) and a margin of safety of 93.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 74/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns, valuation. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 29.4%
- Net margin: 6.8%
- EPS CAGR 3Y: 12.4%
- Interest coverage: 90.4x
- P/E (TTM): 1.4x
- Payout ratio (FCF): 32.8%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: 0.4%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Retail-Catalog & Mail-Order Houses (SIC 5961) · same industry (4-digit SIC) · compared with 28 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AMZNAmazon.com, Inc. | 2,876.6 bn | 21.5 | 27.4% | 16.9% | +12.4% | +14% / +82% |
| CDWCdw Corp | 21.1 bn | 19.7 | 42.5% | 4.5% | +6.8% | +17% / −20% |
| NSITInsight Enterprises, Inc. | 5.2 bn | 25.7 | 13.1% | 2.5% | −5.2% | +103% / +16% |
| JMIAJumia Technologies AG | 1.3 bn | — | -108.9% | -32.6% | +12.8% | −57% / +60% |
| BZUNBaozun Inc. | 597.0 m | — | -6.6% | -2.4% | +10.2% | +21% / +16% |
| LITBLightInTheBox Holding Co., Ltd. | 590.4 m | 68.0 | — | 3.7% | −12.1% | +42% / −63% |
| GCTGigacloud Technology Inc | 539.8 m | 13.7 | 32.3% | 10.6% | +11.1% | +56% / +495% |
| HNSTThe Honest Company, Inc. | 476.3 m | — | -6.9% | -3.6% | −1.9% | +65% / +86% |
| TDUPThredUp Inc. | 290.9 m | — | -39.2% | -6.9% | +19.5% | −71% / +12% |
| DIBS1stdibs.com, Inc. | 186.9 m | — | -9.2% | -8.5% | +1.5% | −3% / +30% |
| NXHNeighborhood Intelligence, Inc. | 163.0 m | — | -47.0% | -7.1% | −25.1% | −72% / −91% |
| AKAa.k.a. Brands Holding Corp. | 116.0 m | — | -29.5% | -4.8% | +4.4% | −26% / +9% |
| SFIXStitch Fix, Inc. | 79.5 m | — | -6.3% | -0.9% | +6.4% | −31% / −21% |
| HOURHour Loop, Inc. | 53.9 m | 37.0 | 21.8% | 1.1% | +3.0% | −28% / +3% |
| GROVGrove Collaborative Holdings, Inc. | 47.4 m | — | — | -4.1% | −14.6% | −19% / −44% |
| LVLULulu’s Fashion Lounge Holdings, Inc. | 31.0 m | — | -602.9% | -3.2% | −10.6% | +107% / −74% |
| UZXLinkage Global Inc | 21.7 m | — | -63.1% | -144.5% | −50.5% | −98% / unavailable |
| GIFTGiftify, Inc. | 21.1 m | — | -36.2% | -8.8% | −6.5% | −47% / −85% |
| CHWYChewy, Inc. | 2.3 k | 35.3 | 72.0% | 2.1% | +6.2% | −33% / +34% |
| QVCGQVC Group, Inc. | 8 | — | -6.3% | -0.2% | −7.8% | unavailable / unavailable |
| BWMXBetterware De Mexico, S.a.p.i. De C.v | — | — | 54.1% | 5.0% | +8.4% | +19% / +22% |
| HEPSD-MARKET Electronic Services & Trading | — | — | -39.7% | -2.8% | +11.1% | +19% / +100% |
| DDLDingdong (Cayman) Limited | — | — | 25.7% | 1.0% | +10.2% | +10% / −11% |
| RVLVRevolve Group, Inc. | — | 21.8 | 12.6% | 4.8% | +8.5% | −17% / +50% |
| LUXELuxExperience B.V. | — | — | 63.3% | 45.2% | +50.1% | +7% / +224% |
1- and 3-year price returns: for VIPS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | input data missing Total return unavailable · Per year unavailable | input data missing Total return unavailable · Per year unavailable | input data missing Total return unavailable · Per year unavailable |
| 3 years | input data missing Total return unavailable · Per year unavailable | input data missing Total return unavailable · Per year unavailable | input data missing Total return unavailable · Per year unavailable |
| 5 years | input data missing Total return unavailable · Per year unavailable | input data missing Total return unavailable · Per year unavailable | input data missing Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 16 Apr 2026; since then the company filed 6-K (25 Aug 2026), 6-K (21 May 2026).
In brief
Vipshop is an off-price retailer in China that sells branded products at deep discounts through its mobile app, the vip.com website and offline channels. In fiscal 2025 it generated total net revenues of 105.92 bn RMB, down from the prior year, while its active customer count stayed broadly stable. The company remains one of the largest off-price commerce platforms in China.
SWOT
Strengths
- Strong brand recognition and a large base of loyal customers, with a growing SVIP program.
- A specialised merchandising team and a diversified network of brand partners.
- Well integrated online channels with AI features that support the shopping experience.
Weaknesses
- Total revenues declined over recent years and order volume fell.
- Heavy reliance on apparel sales and on the seasonal fourth-quarter peak.
- The VIE corporate structure introduces legal and operational risks.
Opportunities
- Expansion into new categories and advertising services could diversify revenues.
- Wider use of artificial intelligence could lower costs and lift conversion.
- The Made for Vipshop program could create exclusive products and deepen brand relationships.
Threats
- A slowdown in Chinese consumption could reduce demand for branded products.
- Regulatory changes for online commerce and internet businesses could restrict operations.
- Intense competition for brands and consumer attention could erode margins.
Risks
- VIE corporate structurehigh
If Chinese authorities find the structure does not comply with law, online operations could face severe restrictions.
- Merchandising executionmedium
Errors in forecasting demand can lead to excess inventory or lost sales.
- Relationships with brand partnersmedium
If relations with brand partners deteriorate, access to products could be affected.
- Rules on overseas offeringsmedium
Chinese authorities may extend control over offerings abroad, which could affect investors.
- Dependence on apparellow
A significant part of revenue comes from apparel, so shifts in trends can affect results.
Investment thesis
What would need to be true (bull case)
- A loyal customer base and growth in the SVIP segment could support revenues over the long term.
- Investment in AI and the digital experience could improve efficiency and margins.
- A diversified supplier base limits dependence on any single brand partner.
What would break the thesis
- Declining revenues and order volumes could signal structural pressure on demand.
- Regulatory risks around the VIE structure could generate costs and uncertainty.
- Intense competition could force price cuts that compress margins.
What to watch
- Trend in total revenues and GMVQ1 2027
- Number of active and active SVIP customers2027
- Evolution of PRC rules on online commerce2027
- Guidance and results in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 16 Apr 2026; since then the company filed 6-K (25 Aug 2026), 6-K (21 May 2026).
The business
Vipshop operates as an off-price retailer offering quality branded products at deep discounts through online and offline channels. Product sales made up more than 90% of total revenues in 2023, 2024 and 2025, with the remainder coming from promotion and advertising services, outlet rental and management, and the SVIP membership program. The company is a Cayman Islands holding company, and its China operations run through subsidiaries and consolidated variable interest entities (VIEs), reflecting restrictions on foreign ownership of internet licences.
Segments
Online channels (vip.com)
The online channels, including the Vipshop app, the vip.com website and the WeChat mini-program, generated more than 96% of net revenues in 2023-2025. The mobile app is the main portal, accounting for about 90% of online GMV generated by app users.
Shan Shan Outlets
Shan Shan Outlets develops and operates outlet complexes and is a significant player among China's outlet groups. It runs through joint operation and leasing models with brands.
Vipshop offline stores
Vipshop directly operates offline stores that complement the online business and reinforce its off-price positioning in consumers' minds.
Market context
Seasonality is pronounced, as the November and December promotional campaigns concentrate sales in the fourth quarter. The company could be affected if consumer demand weakens in these periods.
Trends
- Growth in SVIP memberstailwind
The number of active SVIP customers kept rising, suggesting a customer base with greater purchasing power and higher purchase frequency.
- Digitalisation and AI toolstailwind
The company is extending AI-powered search, personalised recommendations and an AI customer service agent, which could improve conversion and operating efficiency.
- Pressure on consumptionheadwind
Macroeconomic conditions and lower disposable incomes could reduce demand for branded products, even at deep discounts.
- Regulation of online commercemixed
Changes in PRC internet and e-commerce regulation create uncertainty and may alter operating conditions.
Competitive position
Vipshop competes with other off-price retailers for both brands and customers, and with other online and offline retail businesses for share of consumers' wallets. Competitive pressure can affect access to inventory and pricing.
Its competitive strengths rest on the merchandising team, relationships with a large base of brand partners and a loyal customer flow. Online competitors may however attract the same consumers with similar offers.
- Other off-price retailers in China
Compete directly for brands and customers, according to the company's filing.
- General e-commerce platforms
Compete for share of online consumer wallets.
- Offline retailers and shopping centres
Compete for consumers who prefer to try products in person.
- Outlet operators
Compete with the Shan Shan Outlets division for tenants and visitors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Vipshop (VIPS) Reported a 189% GAAP Profit Surge as Revenue Fell. How Much Came From a One-Off Gain?Yahoo Finance — News · 27 Aug 2026 · EN
- Vipshop Q2 Earnings Call HighlightsYahoo Finance — News · 25 Aug 2026 · EN
SEC filings
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)21 May 2026
- Annual report (foreign issuer)16 Apr 2026
- Current report (foreign issuer)26 Feb 2026
- Current report (foreign issuer)20 Nov 2025
- Current report (foreign issuer)12 Nov 2025
- Current report (foreign issuer)14 Aug 2025
- Current report (foreign issuer)20 May 2025
- Annual report (foreign issuer)17 Apr 2025
- Current report (foreign issuer)21 Feb 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Vipshop Holdings Limited · 16 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.