New Stock First Day | EDA Group Holdings debuts on the market with a 35.53% opening surge in early trading

EDA Group Holdings made its debut on the stock market, with an announcement indicating a price of HKD 2.28 per share. A total of 97.625 million shares were issued, with a trading unit of 1000 shares per lot, resulting in a net amount of approximately HKD 192 million. As of the time of writing, the stock has surged by 35.53% to HKD 3.09, with a trading volume of HKD 28.951 million. EDA Group Holdings (Yida Cloud) is known for providing end-to-end supply chain solutions for e-commerce sellers, focusing on empowering the rapidly growing B2C export e-commerce industry in China. The company's supply chain solutions cover cross-border logistics, overseas warehousing, and fulfillment services, integrated through its self-developed Yida Cloud platform which includes various digital supply chain management tools. According to Frost & Sullivan, by 2023, Yida Cloud ranks sixth among all major B2C export e-commerce supply chain solution providers in China adopting the overseas warehouse model, holding approximately 0.5% market share. In the overall Chinese export e-commerce supply chain solution market, Yida Cloud's market share is around 0.1%