VIPS Stock Recent News

Management Completes Phase Three of Four (MOU), Poised for the Final Phase of Customer Contract TOMBALL, TX / ACCESSWIRE / September 26, 2024 / QS Energy, Inc. (OTCQB:QSEP), a leader in oil transport technology, is pleased to announce the signing of a Memorandum of Understanding (MOU) with VIPS Petroleum, furthering their strategic partnership with one of Southeast Asia's premier energy producers and its state-owned oil and gas corporation. This MOU lays the groundwork for the commercialization of QS Energy's Applied Oil Technology (AOT) unit in collaboration with the government-backed oil and gas giant, marking a major step in the company's continued global expansion.

Vipshop is a Chinese online marketplace specializing in discounted goods, attracting value investors due to low valuation and growth potential. Despite steady growth in Gross Merchandise Value, VIPS lags behind industry growth rates and is limited to competing in discounted apparel. Second quarter earnings were weak, with alarming third quarter guidance, leading to concerns about negative operating leverage and cash flow issues.

Vipshop issued guidance for continued revenue declines in its upcoming quarter. Shares are now down 35% on the year.

Vipshop Holdings (VIPS) American depository receipts (ADRs) plunged in intraday trading Tuesday after the Chinese discount retailer reported falling second-quarter sales and an underwhelming outlook.

U.S. stock futures were mixed this morning, with the S&P 500 futures gaining around 0.1% on Tuesday.

Conference Call to Be Held at 7:30 A.M. U.S. Eastern Time on August 20, 2024 GUANGZHOU, China , Aug. 20, 2024 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the quarter ended June 30, 2024.

MOU Actively Being Reviewed by Several Countries & Companies TOMBALL, TX / ACCESSWIRE / August 15, 2024 / QS Energy Inc. (OTCQB:QSEP), a leader in energy efficiency technology, and VIPS Petroleum LLC, a prominent player in the petroleum industry, are excited to announce a strategic collaboration as a result of positive MOU discussions with VIPS country and company clients. This partnership builds on the recent advancements announced by QS Energy in the commercialization of their Applied Oil Technology (AOT) device, which significantly improves the economics and sustainability of oil transport.

GUANGZHOU, China , Aug. 12, 2024 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that it plans to release its second quarter 2024 financial results on Tuesday, August 20, 2024, before the US market open. The Company will hold a conference call on Tuesday, August 20, 2024 at 7:30 am US Eastern Time, 7:30 pm Beijing Time to discuss the financial results.

Adhering to brands discount retailing, co-creating a new sustainable life GUANGZHOU, China , July 29, 2024 /PRNewswire/ -- Vipshop, a leading online discount retailer for brands in China ("Vipshop" or the "Company"), recently released its 2023 Environmental, Social, and Governance (ESG) Report (hereafter referred to as the "Report"). Vipshop took steps in 2023 to foster a low-carbon future, meet consumers' expectations for quality life, cultivate a diverse, equitable and inclusive talent ecosystem, and contribute to public welfare initiatives.

QS Energy (QSEP) Signs LOI with Strategic Partner VIPS Petroleum to Deploy AOT TOMBALL, TX / ACCESSWIRE / June 12, 2024 / QS Energy, Inc. (the "Company" or "QS Energy") (OTCQB:QSEP), a leading developer of advanced energy efficiency technologies, is pleased to announce the signing of a Letter of Intent (LOI) with VIPS Petroleum as of Tuesday, June 11th . This strategic partnership aims to facilitate the deployment of QS Energy's Applied Oil Technology (AOT) device to enhance the operational efficiency of VIPS Petroleum's customers.