- In a 13G filing, Chase Coleman's Tiger Global discloses it now has a 9.9M-share (9.96%) stake in Vipshop (NYSE:VIPS). As of Q1 2014, Tiger had a 4.54% stake.
- The disclosure comes a week after the Chinese online retailer nosedived in response to a Q3 warning. Shares recovered some of their losses on Wednesday after Vipshop posted Q3 results and provided better-than-feared Q4 guidance. The company also reported (in spite of the sales shortfall) operating expenses fell to 20.7% of revenue from 23.3% a year ago.