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Asset Management One Co. Ltd. Increases Stake in Vipshop Holdings Limited (NYSE:VIPS)

AI summary2024-04-13

• Asset Management One Co. Ltd. increased its stake in Vipshop Holdings Limited by 71% in the fourth quarter

• Vipshop's stock has been downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating

• The company's revenue for the quarter was up 9.2% on a year-over-year basis

• Vipshop offers various products including womenswear, menswear, sportswear, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products

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