East Buy, the e-commerce platform of Chinese private tutoring giant New Oriental Education, tumbles by 15% in Hong Kong on Friday. New Oriental drops 7.8% after a 5% fall in. $NEW ORIENTAL-S (09901.HK)$$New Oriental (EDU.US)$$EAST BUY (01797.HK)$ China’s top e-commerce influencer Dong Yuhui departs East Buy to pursue his venture. East Buy CEO Michael Yu Minhong said he will make arrangements for Dong Yuhui to obtain his namesake venture, Time with Yuhui, for free.
$NEW ORIENTAL-S (09901.HK)$ increased buyback to USD700 million and p...
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$BILIBILI-W (09626.HK)$ │+35.6%
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Top 5 Weakest Constituents of the HSTECH in 1H24:
$EAST BUY (01797.HK)$ │-54.6%
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$EAST BUY (01797.HK)$ shares opened cratering 15% at $10.54 after Dong Yuhui quit the company and the company announced its intention to buy back up to RMB500 million ...
$NEW ORIENTAL-S (09901.HK)$ $New Oriental (EDU.US)$ $EAST BUY (01797.HK)$
China’s top e-commerce influencer Dong Yuhui departs East Buy to pursue his venture. East Buy CEO Michael Yu Minhong said he will make arrangements for Dong Yuhui to obtain his namesake venture, Time with Yuhui, for free.
Premium membership is expected to be fully launched in October. Upon completion, EAST BUY will be the first live broadcast organization to pioneer premium membership.
It was reported that EAST BUY premium membership priced at RMB199 per year, with exclusive rights including 12% discount on hundreds of self-operated products, etc.. As such, premium members are expected to save up to RMB12,000 a year.
$New Oriental (EDU.US)$ $NEW ORIENTAL-S (09901.HK)$ $SCHOLAR EDU (01769.HK)$ $TAL Education (TAL.US)$ $Mainland Education (BK2124)$ $Online Education (BK1193)$
Despite Daiwa recently raising its target price to $41, the share price of $EAST BUY (01797.HK)$ tumbled for the sixth day from its peak in more than five months and slumped below the 250MA today.
The stock last stood at $36.1, eroding by 5% and becoming the worst-performing $Hang Seng TECH Index (800700.HK)$ constituent stock. The trading volume was merely 9.78 million shares, w...
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