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Why Vipshop Holdings Ltd. - ADR Stock Jumped Monday


Added 01-08-18 05:04:01pm EST - “Are investors getting more bullish on this collaborative opportunity?” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Why Vipshop Holdings Ltd. - ADR Stock Jumped Monday”. Below is an excerpt from the article.

Published January 08, 2018 Markets Motley Fool

Shares of online discount retailer Vipshop Holdings (NYSE: VIPS) jumped as much as 10.7% on Monday, following the disclosure of an investment by Chinese internet giant Tencent Holdings (NASDAQOTH: TCEHY) and one by Chinese e-commerce company JD.com (NASDAQ: JD). The stock finished the trading day up about 9.5%.

In two Dec. 8 SEC filings, Tencent disclosed that it now had a 7% stake in Vipshop, and JD.com revealed a 5.5% stake.

Tencent and JD.com's significant investments in Vipshop aren't necessarily news. Vipshop had already announced Tencent's and JD.com's commitment to buy 7% and 5.5% equity stakes in Vipshop in December.

Strategic investments from Tencent and JD.com are meant to leverage and bolster each company's strengths "to form a strategic cooperative alliance aiming to achieve a deep, win-win cooperation and to benefit internet users and consumers," said Vipshop CEO Eric Ya Shen in a press release about the investments last December.

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