Online retailer Vipshop's US-listed shares rise on upbeat Q2 revenue outlook

Vipshop Holdings

23/05/2023 11:22

** U.S.-listed shares  VIPS.N  of China-based online
discount retailer Vipshop Holdings Ltd up 2.1% at $15.14
premarket
    ** Company expects Q2 total net revenue between 27.00 bln
yuan and 28.20 bln yuan vs est 26.59 bln yuan - Refinitiv
    ** Reports Q1 total net revenue of 27.50 bln yuan ($4.00
bln), up 9.1% year over year
    ** Company names Mark Wang as CFO, effective May 24
    ** Wang to succeed David Cui, who has decided to resign from
CFO position for personal reasons, Vipshop says
    ** Company's U.S.-listed shares up about 8.7% YTD

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com))