$VIPS is one of biggest losers #stocks today. read more:

Vipshop Holdings Limited Americ (symbol: VIPS) was one of the worst losers
of the trading day today (2015-09-07), losing -7.54%. The number of shares
that changed hands was 12,049,153, or about 1 times the average daily
volume in the stock.
The closing price was $16.44, amounting to a market cap of $9,530,000,000,
about -46.48% off the highest price in the last 12 months. The stock has
been trading at a range between $14.68 and $30.72.
VIPS is in the Catalog/Specialty Distribution industry, part of the
Consumer Services sector. It first went public in 2012.
Looking at its valuation, the stock is now trading at 46.97 times earnings.