Oriental Selection (01797) fell by more than 8%, and the intraday low of HK$17.8 hit a new low since July 2022. The current stock price has dropped nearly 40% from its high during the year. As of press release, it decreased by 8.01% to HK$17.92, with a turnover of HK$422 million.
The Zhitong Finance App learned that Oriental Selection (01797) fell by more than 8%, and the intraday low of HK$17.8 hit a new low since July 2022. The current stock price has dropped nearly 40% from its high during the year. As of press release, it decreased by 8.01% to HK$17.92, with a turnover of HK$422 million.
According to the news, since it was founded with Hui in January, the dispute over interests between Oriental Selection and Dong Yuhui has always attracted attention from the outside world. Yu Minhong recently posted an article on her account in response to the rumor that “going to Henan early to broadcast live was to steal Dong Yuhui's limelight.” He said that he never had plans to go to Henan for a live broadcast. “As early as a month ago, Oriental Selection had already arranged for me to go to Wuyi Mountain for the live broadcast on April 1.” The live broadcast promoted by Henan New Oriental was not him going to the live broadcast. In order to dispel everyone's misunderstandings, Henan New Oriental Cultural Tourism has been requested to completely stop live broadcasts and carry out rectification.
In addition, according to data from third-party platforms, in March 2024, the total GMV of the top 20 Douyin delivery list was 5,012 billion yuan, an increase of 27% over the 3,945 billion yuan in February. Among them, Liuhui's live broadcast room topped the list with over 600 million yuan, Yunshang Jewelry and Mr. Dong ranked second and third with about 328.1 million yuan and 328 million yuan, and Oriental Selection ranked fifth with 286 million yuan.