HK Stock Market Move | JST GROUP (06687) Soars 20% in the Afternoon, Reaching a New High on the Stock Market. The company is a leading provider of e-commerce SaaS solutions with a significant market share.

JST GROUP (06687) soared 20% in the afternoon, reaching a high of 41.72 Hong Kong dollars, hitting a new high since its IPO at 30.6 Hong Kong dollars, up more than 36%. As of the time of writing, it had risen by 3.29%, to 35.2 Hong Kong dollars, with a trading volume of 2.77 billion Hong Kong dollars. Public information shows that JST GROUP is a leading Chinese e-commerce SaaS solution provider, with its core business focusing on the digital operation needs of e-commerce merchants. With cloud-native SaaS products at its core, it provides one-stop business monitoring, operation, and management services for e-commerce merchants of different types and sizes, helping them achieve efficient cross-platform collaboration and data-driven decision-making. According to data from Zhushi Consulting, as of 2024, in terms of relevant revenue, the company holds a 24.4% market share in the field of e-commerce SaaS ERP in China, making it the largest provider in the industry. This market share exceeds the combined total of the second to fifth largest participants, and its core product "JST GROUP ERP" has been rated as the most popular e-commerce SaaS ERP brand among Chinese merchants, forming a strong barrier to entry in the core business operations tool race. In the Chinese e-commerce operation SaaS market, the company ranks first in terms of total SaaS revenue in 2024, with a market share of 8.7%, covering the full range of merchants' operational needs, including ERP, CRM, sales and marketing management, leading in terms of business coverage breadth.