HK Stock Market Move | EAST BUY(01797) rose nearly 8% once, Yu Minhong said the company may cooperate with Panda Market, the gift order data of WeChat mini store is impressive.

EAST BUY (01797) rose nearly 8% at one point, and at the time of publication, it was up 6.07% to HKD 13.28, with a trading volume of HKD 2.92 billion. In terms of news, according to Dahe News, on the evening of February 25, Yu Minhong, the founder of New Oriental and chairman of New Oriental Education & Technology Group, appeared at Xuchang Pang Donglai Angel City, accompanied by Donglai, to inspect commercial formats. That afternoon, Yu Minhong participated in the "Family Education China Tour-Henan Station" event in Zhengzhou. During the event, Yu Minhong mentioned Pang Donglai frequently and revealed that he would have dinner with Donglai. When asked by reporters from Dahe Financial Square whether there is a possibility of cooperation between EAST BUY and Pang Donglai in the future, Yu Minhong said "it is possible." He also emphasized that the quality of EAST BUY's products should be on par with Pang Donglai. It is worth mentioning that the "WeChat Video Account Creation Camp" official account released data related to the EAST BUY WeChat gift delivery yesterday. The data shows that on New Year's Day 2025, the number of gift orders from EAST BUY's WeChat mini-store increased by 162% compared to the previous day. On New Year's Eve 2025, the number of gift orders from EAST BUY's WeChat mini-store exceeded 50,000, a 661% increase from the previous day, with a total GMV exceeding 5 million throughout the day. Currently, gift orders from EAST BUY's WeChat mini-store account for 85% of overall orders, and on certain important holidays, the proportion exceeds 90%.