The stock price of East Buy (01797) fell by more than 4%, with a cumulative decline of more than 50% this year. As of press time, it fell by 4.16%, to HKD13.36, with a turnover of HKD76.0773 million.
According to the Wise News app, the stock price of East Buy (01797) fell by more than 4%, with a cumulative decline of more than 50% this year. As of press time, it fell by 4.16%, to HKD13.36, with a turnover of HKD76.0773 million.
On the news front, third-party data showed that as of 5 p.m. on June 18th, the top three sellers on the Douyin live-streaming list for the June 18th promotion were Guangdong couple, Jia Nailiang, and Yuhui Tongxing, while East Buy ranked 11th.
It is worth mentioning that East Buy was previously caught in a series of public opinion storms. First, the founder of New Oriental and CEO of East Buy, Yu Minhong, commented that 'East Buy is doing a mess', causing public opinion waves, and then Yu Minhong issued an open letter to apologize and clarify information, reassuring the public and investors. Recently, Dong Yuhui, a senior partner of East Buy, revealed in an interview program that he was 'very painful' and 'did not enjoy live streaming sales'.