China's E-Commerce Dark Horse: GMV Soars 124%

Very Bullish · $1797.HK

What Happened

East Buy (东方甄选) saw its Douyin GMV jump 124% year-over-year to 1.23 billion yuan in September, with self-operated product GMV up 150% to 630 million yuan, now over 50% of total GMV.

Bottom Line

East Buy's robust GMV growth and rapid product innovation position it for continued strong performance, making it a compelling China e-commerce play.

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