East Buy has been in the spotlight

By Stephen Wang

East Buy, the srar of China e-commerce industry, has been in the spotlight, reflecting the investors have been concerning about the stability of its business model.

During 618 shopping festival in China e-commerce industry, the core figures of East Buy, Yu Minhong and Dong Yuhui, have repeatedly made negative comments on the live streaming business, which has resulted in the flee of investors. Data shows that from May 31 to June 14, share price of East Buy has declined by a cumulative 25.6%, with market value shrinking of over HKD 5 billion.

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