Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), today provided updated business outlook for the fourth quarter of 2021.
The Company now expects its total net revenue for the fourth quarter of 2021 to be between RMB34.0 billion and RMB35.8 billion, representing a year-over-year decrease rate of approximately 5% to 0%. This is revised from the previous outlook of total net revenue between RMB35.8 billion and RMB37.6 billion, representing a year-over-year growth rate of approximately 0% to 5%. These forecasts reflect the Company’s latest view on the market and operational conditions, which is subject to change.
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