Vipshop Surged 6% As Filing Shows Tiger Global Increased Stake

Retail, Services, VIPS, Vipshop Holdings
Retail, Services, VIPS, Vipshop Holdings

American depository shares of Vipshop Holdings (VIPS) are up 6.4% Thursday after a filing shows Tiger Global grew its stake in the China-based discount online retailer.

Tiger’s stake now accounts for 4.54% of the fund’s Q114 portfolio.The position was started in Q413 and at that time, accounted for 1.52% of the portfolio.

VIPS traded as high as $179.79, nearing a test of its $182 52-week high.

Vipshop Holdings Ltd through its subsidiaries operate an online platform that offers products to consumers in the People’s Republic of China through flash sales on its and website.


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