14.90 +0.39 (2.69%)
Pre-market: 6:33AM EST
|Bid||14.72 x 2000|
|Ask||14.91 x 600|
|Day's range||13.77 - 14.57|
|52-week range||7.79 - 15.49|
|PE ratio (TTM)||28.07|
|Earnings date||19 Feb 2018 - 23 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.28|
Daiwa has upgraded Vipshop (VIPS) to buy from hold following the news that social media firm Tencent (700.HK) and e-commerce giant JD.com (JD) will team up to invest a combined $863 million Chinese discount online retailer. Under the agreement announced on Monday, Tencent will acquire a 7% stake via the acquisition of new issued shares for USD604 million, while JD.com will acquire a 5.5% stake for $259 million. The deal will give Vipshop access to Tencent's Weixin Wallet and JD.com's mobile application and the main page of its Weixin Discovery shopping entry.
The deal is seen is an attempt to defend against Alibaba, China's leading provider of e-commerce services.
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The U.S.-listed shares of of Vipshop Holdings Ltd. shot up 41% on very heavy volume in afternoon trade Monday, after the Beijing-based online discount retailer disclosed that Tencent Holdings Ltd. and ...
Despite tough retail market conditions, Vipshop (VIPS) focuses on online expansion. The company enters into partnerships with Tencent and JD.com.
Stocks rallied at Monday's open, as names including Akamai Technologies and Vipshop Holdings scored big early gains.
Chinese social media firm Tencent (700.HK) and e-commerce giant JD.com (JD) will team up to jointly invest a combined $863 million in Chinese discount online retailer Vipshop (VIPS). Tencent will acquire a 7% stake via the acquisition of new issued shares for USD604 million. Under the agreement, Tencent said it will grant Vipshop access to Weixin Wallet, while JD.com will grant Vipshop access to its mobile application and the main page of its Weixin Discovery shopping entry.
Tencent Holdings Ltd. and JD.com Inc. agreed to invest $863 million in online retailer Vipshop Holdings Ltd., setting up an alliance between China’s largest social media company and two major players in ...
BEIJING, Dec. 18, 2017-- Tencent Holdings Limited, JD.com, Inc., and Vipshop Holdings Limited, today jointly announced that Tencent, a leading provider of internet value-added services in China, and JD.com, ...
A pair of analysts lower their price targets on the Chinese provider of online flash sales after a disappointing quarterly report.
Vipshop's (VIPS) third-quarter 2017 results gain from an increase in active customers. However, lower margins hurt the bottom line.
The Chinese provider of online flash sales rises ahead of an important financial report. Vipshop announces quarterly results after Monday's market close.