Vipshop dives on report of fraud call from Muddy Waters partner

|About: Vipshop Holdings (VIPS)|By:, SA News Editor

Reports a Muddy Waters partner is accusing Vipshop (VIPS -6.8%) of being a fraud has led shares to dive over the last ten minutes of trading.

Given what happened to NQ Mobile following Muddy Waters' fraud accusations, some investors are likely in a risk-averse mood.

Update: Muddy Waters asserts it has "no view" on whether Vipshop is a fraud.