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Vipshop's Q2 revenue fell 3.6% year-over-year, missing expectations. Second-quarter orders decreased from 213.8 million to 197.8 million. Q3 revenue projection is below analysts' expectations at 20.5-21.6 billion yuan. ADRs dropped over 16% and lost a third of their value this year. CEO stated business model resilience despite declining sales momentum.
- Vipshop's Q2 revenue fell 3.6% year-over-year, missing expectations.
- Second-quarter orders decreased from 213.8 million to 197.8 million.
- Q3 revenue projection is below analysts' expectations at 20.5-21.6 billion yuan.
- ADRs dropped over 16% and lost a third of their value this year.
- CEO stated business model resilience despite declining sales momentum.
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