<SEC-DOCUMENT>0001104659-26-031380.txt : 20260318
<SEC-HEADER>0001104659-26-031380.hdr.sgml : 20260318
<ACCEPTANCE-DATETIME>20260318180653
ACCESSION NUMBER:		0001104659-26-031380
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260318
FILED AS OF DATE:		20260318
DATE AS OF CHANGE:		20260318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hong Arthur Xiaobo
		CENTRAL INDEX KEY:			0001978756
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35454
		FILM NUMBER:		26771048

	MAIL ADDRESS:	
		STREET 1:		128 DINGXIN ROAD
		STREET 2:		HAIZHU DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510220

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vipshop Holdings Ltd
		CENTRAL INDEX KEY:			0001529192
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		VIPSHOP HEADQUARTERS, 128 DINGXIN ROAD
		STREET 2:		HAIZHU DISTRICT,
		CITY:			Guangzhou
		NON US STATE TERRITORY:  	CHINA
		PROVINCE COUNTRY:   	F4
		ZIP:			510335
		BUSINESS PHONE:		86 (20) 2233-0000

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		VIPSHOP HEADQUARTERS, 128 DINGXIN ROAD
		STREET 2:		HAIZHU DISTRICT,
		CITY:			Guangzhou
		NON US STATE TERRITORY:  	CHINA
		PROVINCE COUNTRY:   	F4
		ZIP:			510335
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>tm269051-3_3seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001529192</issuerCik>
        <issuerName>Vipshop Holdings Ltd</issuerName>
        <issuerTradingSymbol>VIPS</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001978756</rptOwnerCik>
            <rptOwnerName>Hong Arthur Xiaobo</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>128 DINGXIN ROAD, HAIZHU DISTRICT</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>GUANGZHOU</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>510220</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Operating Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A ordinary shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8707142</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Share Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>66.85</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2029-12-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2681894</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These shares are directly held by High Vivacity Holdings Limited, a British Virgin Islands company, which is ultimately wholly owned by the Nasa Stand Trust. Under the terms of the Nasa Stand Trust, Arthur Xiaobo Hong has the power to direct the trustee with respect to the retention or disposal of the Class A ordinary shares of the Issuer and the exercise of any voting and other rights attached thereto.</footnote>
        <footnote id="F2">All options granted have been fully vested and exercisable as of the date hereof.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Arthur Xiaobo Hong</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
