Scalper1 News
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, Scalper1 News
Scalper1 News