Vipshop: Stock Repurchase Program, Massive Headcount Growth, And Extremely Cheap

Core Insights - Vipshop Holdings Limited (NYSE: VIPS) has demonstrated consistent free cash flow (FCF) growth over the years and is well-positioned to capitalize on recent stimulus measures in China [1] - The company has shown significant business expansion by increasing its workforce substantially [1] Company Summary - Vipshop has a strong track record of FCF growth, indicating financial health and operational efficiency [1] - The recent hiring surge suggests a strategic move to enhance operational capacity and support anticipated growth [1] Industry Context - The company is likely to benefit from the broader economic stimulus in China, which may lead to increased consumer spending and demand for its services [1]