Vipshop Holdings Leads Gains Among ADRs of Chinese Internet Companies

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Vipshop Holdings Ltd. ( VIPS ) led gains among American depositary receipts for Chinese internet companies on Wednesday.

The Internet retailer said it raised the amount of a convertible senior notes offering by 38% to $550 million and that certain shareholders would make a public offering of 1.14 million ADSs at $143.74 each.

Vipshop rose 8.3% to $155.65 per ADS.


Also among the gainers on Wednesday were:

58.com Ltd. ( WUBA ) +5.6%

Biauto Holdings Ltd. ( BITA ) +3.5%

E-Commerce China Dangdang Inc. ( DANG ) +3.3%

Autohome Inc. ( ATHM ) +3.2%

Ctrip.com International Ltd. (CTRP) +2.7%

Renren Inc. (RENN) +1.9%

Ku6 Media Co. (KUTV) +1.3%



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: VIPS , WUBA , BITA , DANG , ATHM

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