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Vipshop (VIPS) Stock Advancing as China’s Market Rises

NEW YORK (TheStreet) -- Shares of Vipshop Holdings (VIPS - Get Report) are gaining by 3.28% to $13.38 on Monday afternoon, as some U.S. traded China-based stocks get a boost from the rise in China's market.

Vipshop is a Guangzhou-based holding company that operates as an online discount retailer for brands in China, offering a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands.

The Shanghai Composite Index climbed by 1.6%, with a gauge of materials shares closing at a three month high, Bloomberg reports. Stocks in China rose the most this month amid signs industrial demand is rising.

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