Beijing time on October 11 morning news, a lot of shares fell sharply on Wednesday, as of the close, reported 20.33 US dollars, a drop of 9.00%, the market value of 22.521 billion US dollars.
Around October 10th, the platform was exposed. In the main venue of its 3rd anniversary event, almost all brand merchants encountered 'mandatory two-choice', and a large number of brand merchants were forced to withdraw from the fight at the request of Tmall. The goods even closed the flagship store, and many of the co-founders Dada angered Tmall in the circle of friends.
The first financial report since the release of the IPO to the United States showed that the total revenue in the second quarter reached RMB 2.709 billion (US$ 409.4 million), an increase of 2489% compared with RMB 104.6 million in the same period last year. In the first quarter, the RMB 1.384 billion yuan increased by 96%. After the release of the earnings report, the stock price rebounded slightly. In the after-hours trading, the stock price rose by US$0.79 to US$18.78, an increase of 4.39%.
Yesterday, the "2018 Hurun Report" was released, and many founders Huang Wei was on the list for the first time.