Glancy Prongay & Murray LLP announces that it is investigating potential claims on behalf of investors of Vipshop Holdings Limited (“Vipshop” or the “Company”) (NYSE: VIPS) concerning whether the Company has manipulated key accounting metrics, including sales, receivables, profits and asset accounts. Investors who purchased Vipshop prior to May 14, 2015 are encouraged to contact Lesley Portnoy, at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

The investigation concerns the Company’s and its executives’ alleged violation of the securities laws, and the subsequent damage to investors after the sharp decline in the Company’s share price.

On May 12, 2015, Mithra Forensic Research published a report on the Company entitled, “We Are Not Buying The Financial Statements.” The report alleges that forensic models suggest Vipshop manipulated sales, receivables, profit and other asset accounts; and Vipshop’s financial statements have been contradicted by management's own disclosures.

As a result of this news, shares of Vipshop fell $1.54 per share, or over 5%, to close at $25.78 per share on May 12, 2015.

Then, on May 14, 2015, TheStreet.com revealed another analyst report by J Capital that reiterated allegations that the Company has falsified key accounting metrics. The J Capital report based its findings on “discrepancies in the company's accounting” and stated that Vipshop’s “financial filings in China are vastly different than the filings with the Securities and Exchange Commission, leading to concerns that the company's results are not accurate.”

As a result of this news, shares of Vipshop fell $1.45 per share, or over 5.4%, to close at $25.21 per share on May 14, 2015.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP,1925 Century Park East, Suite 2100Los Angeles, CA 90067Lesley PortnoyorCasey Sadler(310) 201-9150(888) 773-9224shareholders@glancylaw.comwww.glancylaw.com

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