Vipshop: Fundamental Challenges Remain

Group 1 - Vipshop (NYSE: VIPS) reported 4Q24 results with revenue exceeding consensus expectations due to better-than-expected GMV performance [1] - The company achieved non-GAAP operating profit and net income that were also ahead of consensus estimates [1] - Management provided slightly optimistic guidance for 1Q25, indicating continued positive momentum [1]