Hong Kong Stock Market Review: Two major platforms experienced significant declines
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Hong Kong stock analysis shows that Vipshops and KUAISHOU-W's stock prices plummeted due to poor GMV performance. Vipshops' Q1 growth of 8% dropped to flat in Q2, with an expected year-on-year revenue decline of 5-10% in Q3, along with a $206 million stock repurchase. KUAISHOU-W's GMV growth slowed down, with only 700 million yuan in stock repurchase funds in Q2 due to intense price competition. The overall e-commerce market performance is disappointing, with only Pinduoduo bringing hope. However, the lack of certainty in continuous stock price growth remains unresolved until geopolitical risks are addressed
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