Readthrough From Vipshop’s Earnings Indicates Continual Recovery in the Apparel Sector

May 25, 2023

The readthrough from Vipshop’s (VIPS, not covered by Morningstar) first-quarter earnings for our e-commerce coverage is generally positive, with continual recovery in consumption. This is especially the case for Alibaba Group, whose core category is apparel; and PDD Holdings, which is a value-for-money platform. Vipshop is a leading online discount retailer for brands in China that focus on the apparel category. We make no changes to our fair value estimates for Alibaba, PDD and JD.com.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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