After my first Seeking Alpha article coverage on Vipshop, the share price of Vipshop (VIPS) dropped almost 3.5% in the next trading day, which is more than any market or factor model would suggest. It is a mini experiment to see how efficient the market is on Vipshop. Given that Vipshop is trading with market cap of over $6 billions and followed by more than 13 sell-side analysts, I would expect the share price of Vipshop should have already impounded the information in my reports. In fact, sophisticated investors should be able to obtain the same information contained in the article a few weeks ago. To my surprise, that is not the case. Is this due to language barriers as many investors fro the U.S. don't understand Chinese?
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