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Vipshop Holdings rallies on Goldman Sachs 'buy' recommendation
Chinese retail giant Vipshop Holdings Ltd. (VIPS) rallied to a one-week high after Goldman Sachs Group Inc. upped their recommendation on the stock to 'buy'. In a note issued Monday, Goldman Sachs analysts led by Weibo Hu highlighted that the retailer's share of the Chinese apparel market is expected to grow to 1.5 percent in 2016 from 1 percent...
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