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VIPS - Vipshop approves $1B share repurchase program
Vipshop Holdings Limited American Depositary Shares each representing two
Vipshop Holdings Limited (NYSE:VIPS) has authorized a new share buyback program to repurchase up to $1B of its American depositary shares or Class A ordinary shares over the next 24-month period. The company expects to fund the repurchases out of its existing cash balance. Shares up 5.4% premarket.