Tag Archives: vips

Vipshop Denies Short Sellers’ Accounting Allegations

Ahead of releasing first-quarter results Wednesday, online discount retailer Vipshop (VIPS) denied allegations related to the company’s accounting methods. “Vipshop believes these allegations are unfounded and contain numerous errors, unsupported speculation, and a general misunderstanding of the company’s business model,” it said. According to Vipshop, the concerns relate to its revenue recognition method, inventory accounting, other receivables,

2 Hot China Internet Companies Report Earnings Soon

Last week, Chinese Internet giant Alibaba (BABA) jumped on view-topping quarterly results, and rival JD.com (JD) rose on mixed results. This week, several more Chinese Internet companies are set to report, including NetEase (NTES) and Vipshop (VIPS). Online gaming site NetEase is expected to grow earnings by 1.3% in local currency and revenue by 35% in local currency when it reports first-quarter results after the close on Wednesday. In Q4,

2 Hot China Internet Stocks With Earnings Soon

Last week, Chinese Internet giant Alibaba (BABA) jumped on view-topping quarterly results, and rival JD.com (JD) rose on mixed results. This week, several more Chinese Internet companies are set to report, including NetEase (NTES) and Vipshop (VIPS). Online gaming site NetEase is expected to grow earnings by 1.3% in local currency and revenue by 35% in local currency when it reports first-quarter results after the close on Wednesday. In Q4,