Oriental Selection (01797) fell by more than 5% in early trading, and the cumulative decline during the year was over 40%. As of press release, it decreased by 5.73% to HK$16.12, with a turnover of HK$247 million.
The Zhitong Finance App learned that Oriental Selection (01797) fell by more than 5% in early trading, and the cumulative decline during the year had already exceeded 40%. As of press release, it decreased by 5.73% to HK$16.12, with a turnover of HK$247 million.
According to the news, on April 9, Chen Yifang, chairman of the First Civil Trial Division of the Supreme People's Court, said at the State Council policy routine briefing that the Supreme People's Court is conducting research on issues such as online rewards, webcast marketing, online reservations, and the protection of consumers' personal information. The next step is to continuously increase judicial protection of consumers' rights and interests by publishing typical cases in a timely manner and formulating judicial policies.
Furthermore, the Oriental Selection recently faced another storm of public opinion. The incident of pickled plum dishes came to light at the March 15 gala party. On March 18, Oriental Selection apologized for selling Yuhuiyuan plum cuisines on behalf of others. The company has decided to advance refunds for consumers. On March 30, Yu Minhong responded to the rumor that “the early live broadcast in Henan was to steal Dong Yuhui's limelight.” Yu Minhong said that he has never had plans to go to Henan for a live broadcast, and has requested Henan New Oriental Cultural Tourism to completely stop the live broadcast and carry out rectification. According to agency data, in March 2024, the total GMV of the top 20 Douyin delivery list was 5,012 billion yuan. The live broadcast room with Huihui topped the list with over 600 million yuan, and Oriental Selection ranked fifth.