Vipshop Sees Increase in Shoppers, Super VIP Memberships Surge by Double Digits
Quarterly Performance: Vipshop Holdings reported third-quarter sales of $3.00 billion, exceeding analyst expectations, with a 3.46% increase from the previous year. Adjusted earnings per ADS were 42 cents, also surpassing estimates.
Customer Growth: The company saw an increase in total orders to 166.4 million and active customers rose to 40.1 million, indicating strong customer engagement and growth momentum.
Financial Metrics: Gross margin decreased to 23.0% from 24.0% year-over-year, while gross profit slightly declined to $689.55 million. The company has significant cash reserves of $3.5 billion and ongoing share repurchase programs.
Future Outlook: For the fourth quarter, Vipshop anticipates net revenues between 33.20 billion yuan and 34.90 billion yuan, aligning closely with analyst estimates and indicating a potential year-over-year growth of 0% to 5%.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on VIPS
About VIPS
About the author

Polaris Capital Fully Exits Vipshop Holdings
- Stake Reduction: On January 29, Polaris Capital disclosed to the SEC that it sold its entire stake in Vipshop, offloading 5.07 million shares in a transaction valued at approximately $99.54 million, indicating a diminished confidence in the stock.
- Asset Reallocation: Vipshop previously represented 6.5% of Polaris's AUM, and this complete exit suggests a strategic shift towards sectors with clearer earnings visibility, particularly in U.S.-listed banks and healthcare.
- Stable Financials: Vipshop reported a 3.4% year-over-year revenue increase to $3 billion and a nearly 17% rise in net income in the latest quarter, reflecting stable fundamentals, yet Polaris's exit may signal caution regarding the Chinese consumer market.
- Market Performance: As of January 28, Vipshop shares were priced at $17.67, up 23.7% over the past year, outperforming the S&P 500 by 8.74 percentage points, indicating its ongoing competitiveness in the e-commerce sector.

KraneShares CSI China Internet ETF Declines 2.1%, Vipshop Falls 7.4%
- ETF Underperformance: The KraneShares CSI China Internet ETF fell approximately 2.1% in Friday afternoon trading, indicating a lack of investor confidence in the sector, which may influence asset allocation decisions.
- Vipshop Stock Decline: Vipshop's shares dropped about 7.4% on Friday, reflecting market concerns over its future performance, potentially leading investors to reassess its competitiveness in the e-commerce space.
- Education Stocks Pressured: Tal Education Group's stock fell approximately 3.9% on the same day, highlighting ongoing pressures in the education sector that could impact its long-term growth outlook.
- Market Sentiment Weak: Overall market sentiment remains weak, particularly for Chinese internet-related stocks, which may lead to decreased liquidity and investor confidence in related ETFs.









