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Hong Kong stocks move | EAST BUY (01797) rises over 4%, Yu Minhong has an open attitude towards cooperation with Pang Donglai, and the proportion of gift Orders from WeChat mini stores has reached 85%.
EAST BUY (01797) rose over 4%, as of the time of writing, it increased by 4.78%, priced at 13.58 Hong Kong dollars, with a trading volume of 0.216 billion Hong Kong dollars.
Trending Industry Today: EAST BUY Leads Losses In Online Education Stocks
Major Financial Institutions Rating｜Citi: Assigns "Buy" rating to EAST BUY. Yu Minhong expresses an open attitude towards cooperation with Pang Donglai.
Citi published a research report stating that Yu Minhong, the Chairman of EAST BUY, indicated an open attitude towards cooperating with Pang Donglai, and emphasized that EAST BUY's product quality standards are consistent with those of Pang Donglai. The firm believes that potential cooperation models include jointly developing branded products or integrating Pang Donglai's premium commodities into EAST BUY's platform. The firm assigns a Buy rating to EAST BUY, with a Target Price of HKD 18.5.
EAST BUY: will focus on search Operation for the gift scenarios of WeChat small shops.
Sina Technology reported on February 27 in the afternoon that during an interview with the official account of "WeChat Open Class," EAST BUY disclosed sales data related to the "Gift" feature of the WeChat stores. It was introduced that on New Year's Day 2025, EAST BUY's WeChat store experienced its first surge in gift orders, with the number of gift orders skyrocketing by 1622% compared to the previous day. On New Year's Eve, EAST BUY's WeChat store achieved a daily GMV of over 5 million yuan, with gift orders accounting for as high as 85%. Among users utilizing the gift feature, the proportion of young men increased from the usual 40% to 57%. The person in charge of EAST BUY's WeChat store Operation stated: “From
Hong Kong stocks movement | EAST BUY (01797) rises over 6% again, WeChat Store gift order data is impressive, Yu Minhong states potential collaboration with Pangdonglai.
EAST BUY (01797) has risen more than 6% again, as of the time of writing, it has increased by 6.64%, priced at 14.46 Hong Kong dollars, with a trading volume of 0.329 billion Hong Kong dollars.
The Hang Seng Index has surged explosively! However, the worst-performing constituent stocks have fallen nearly 30% this year.
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