China Trading Stocks

[kindama]

Re: VIPS

Haven't followed the stock at all. Here's the discussion:

http://finance.yahoo.com/video/vipshop-short-seller-numbers-dont-161500400.html

If you browse around the VIPS site you can see millions of of users engaged through picking particular companies as favorites and posting feedback comments on their completed orders. For a guy to appear on CNBC and suggest that company might be totally fake is preposterous.

I have seen more news in recent months about growth initiatives on other platforms (JD, Dangdang, Yintai etc...) so it could be that VIPS competition is becoming tougher. Also, apparel companies are reporting better sales so the need for them to post closeout sales on VIPS may be declining. Vendors were selling a lot of stuff on VIPS at or below their cost - it was a great deal for customers, but it was not something that the vendors wanted as part of their long-term business model.