US Stock Market Move | Private equity aggressively increased its holdings in Chinese concept stocks in the first quarter. Vipshop Holdings Ltd Sponsored ADR (VIPS.US) rose by more than 8%.

On Friday, Vipshop Holdings Ltd Sponsored ADR (VIPS.US) stock price rose, as of press time, the stock was up over 8% to $15.68. In terms of news, against the backdrop of the "east rise west fall" market trend at the beginning of this year, major Chinese private equity giants remain optimistic about the outlook for Chinese assets. The first quarter holding data released by HHLR Advisors show that they continue to increase their allocation to Chinese assets, with Vipshop Holdings Ltd Sponsored ADR being one of the top ten heavily weighted stocks in their portfolio for the first quarter.