$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 (2016-11-22), losing -14.82%. The number of shares
that changed hands was 28,723,973, or about 5 times the average daily
volume in the stock.
The closing price was $12.07, amounting to a market cap of $7,000,000,000,
about -31.15% off the highest price in the last 12 months. The stock has
been trading at a range between $10.21 and $17.53.
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 27.94 times earnings.