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Benzinga
Benzinga
World
The Bamboo Works

Is Koolearn's Stock Surge on Boom in Livestreaming Business Just a Blip?

e-commerce Citic Douyin Hong Kong Stock Exchange

Key Takeaways:

  • The company’s unique bilingual sales pitches by its anchors have drawn millions to the platform, which topped livestream e-commerce rankings for days
  • But share price rise may have been due to frothy investor speculation in mainland stocks, as opposed to a broad positive long-term view of company fundamentals
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