NEW YORK (TheStreet) -- Shares of Vipshop (VIPS) are surging, up 7.19% to $20.42 in midday trading Thursday, as the online discount retailer for brands partnered with The Economist Intelligence Unit of the Economist Group on a survey regarding the growing buying power of female consumers in Asia.
The study surveyed 5,500 women across major urban areas in Asian and found that 90% of Asian women buy clothing and accessories online, and 63% of those surveyed browse online shops daily.
Vipshop is a female-oriented vertical e-commerce retailer in China offering products including apparel and accessories, cosmetics, maternity and children's products, home goods and other lifestyle products at a discount to retail prices.
Separately, TheStreet Ratings team rates VIPSHOP HOLDINGS LTD -ADR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate VIPSHOP HOLDINGS LTD -ADR (VIPS) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."