VIPSHOP HOLDINGS LTD Schedule 13G: FIL Limited and related entities report beneficial ownership of 4,981,404.40 shares of Class A common stock, equal to 5.2% of the class. The filing names FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. and attributes voting and dispositive powers as shown on the cover.
The filing is signed under a power of attorney effective April 13, 2026 with signatures dated May 5, 2026. The schedule references an Exhibit 99 and Exhibit 24 for related agreements.
Positive
None.
Negative
None.
Insights
FIL Limited reports a passive 5.2% stake in VIPSHOP Class A common stock.
The Schedule 13G lists 4,981,404.40 shares (5.2%) with dispositive power shown for FIL and its affiliates. The filing structure and use of a 13G typically indicate passive or investment manager status rather than an activist intent.
Cash‑flow treatment and disposition plans are not detailed here; related agreements are referenced in Exhibit 99 and a Power of Attorney in Exhibit 24. Subsequent filings would state any change in intent.
Disclosure follows Schedule 13G mechanics with attributed voting/dispositive powers.
The cover-page fields show sole voting power 4,845,816.80 and sole dispositive power 4,981,404.40, with shared powers at 0.00. The filer references exhibits for parent/subsidiary identification and agreements.
Filing dates and power of attorney citations are explicit; any change in ownership or intent would require an amendment or a Schedule 13D if active control were sought.
Key Figures
Shares beneficially owned:4,981,404.40 sharesPercent of class:5.2%Sole voting power:4,845,816.80 shares+3 more
6 metrics
Shares beneficially owned4,981,404.40 sharesClass A common stock reported on Schedule 13G
Percent of class5.2%Percent of Class A common stock beneficially owned
Sole voting power4,845,816.80 sharesCovered on the filing's cover page
Sole dispositive power4,981,404.40 sharesCovered on the filing's cover page
Power of attorney effectiveApril 13, 2026Power of Attorney date referenced in signature block
Signature dateMay 5, 2026Dates of signatures on the filing
"Item 1. Name of issuer: VIPSHOP HOLDINGS LTD — filing type Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedfinancial
"Item 4. Amount beneficially owned: 4981404.40"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dispositive powerregulatory
"Sole Dispositive Power 4,981,404.40 shown on cover page"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
13d-1(k)(1) agreementregulatory
"Exhibit 99 for 13d-1(k)(1) agreement is referenced"
The Schedule 13G was filed by FIL Limited and related entities, including Pandanus Partners, L.P. and Pandanus Associates, Inc. The filing names these filers and their Bermuda/Delaware organization details.
How many VIPSHOP (VIPS) Class A shares does FIL Limited report?
FIL Limited reports beneficial ownership of 4,981,404.40 shares, which the filing states equals 5.2% of the Class A common stock outstanding.
What voting and dispositive powers are reported?
The cover shows sole voting power 4,845,816.80 and sole dispositive power 4,981,404.40, with shared voting and dispositive powers reported as 0.00.
Are there exhibits referenced that provide more detail?
Yes. The filing references Exhibit 99 for a 13d-1(k)(1) agreement and Exhibit 24 for the Power of Attorney incorporated by reference (effective April 13, 2026).
Does the Schedule 13G indicate FIL Limited seeks control of VIPSHOP?
The filing is a Schedule 13G disclosure showing a 5.2% passive stake; it does not state an intent to seek control. No Schedule 13D language or active-control statements appear in the provided excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
VIPSHOP HOLDINGS LTD
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
92763W103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
92763W103
1
Names of Reporting Persons
FIL Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,845,816.80
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,981,404.40
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,981,404.40
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
92763W103
1
Names of Reporting Persons
Pandanus Partners, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,981,404.40
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,981,404.40
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
92763W103
1
Names of Reporting Persons
Pandanus Associates, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,981,404.40
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,981,404.40
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Please see Exhibit 99.
Item 4.
Ownership
(a)
Amount beneficially owned:
4981404.40
(b)
Percent of class:
5.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Please see the responses to Items 5 and 6 on the cover page.
(ii) Shared power to vote or to direct the vote:
0.00
(iii) Sole power to dispose or to direct the disposition of:
4981404.40
(iv) Shared power to dispose or to direct the disposition of:
0.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of VIPSHOP HOLDINGS LTD. No one other person's interest in the CLASS A COMMON STOCK of VIPSHOP HOLDINGS LTD is more than five percent of the total outstanding CLASS A COMMON STOCK.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See attached Exhibit 99.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
FIL Limited
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by and on behalf of FIL Limited and its direct and indirect subsidiaries*
Date:
05/05/2026
Pandanus Partners, L.P.
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by Pandanus Associates, Inc. on behalf of Pandanus Partners, L.P.*
Date:
05/05/2026
Pandanus Associates, Inc.
Signature:
Richard Bourgelas
Name/Title:
Duly authorized under Power of Attorney effective as of April 13, 2026, by and on behalf of Pandanus Associates, Inc.*
Date:
05/05/2026
Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FIL Limited on April 29,2026, accession number: 0000318989-26-000050.
