HK TECH VENTURE surges over 6% in Hong Kong stock market. Online sales on "Cyber Monday" in the United States soared to a record high of USD 12.4 billion.
HK TECH VENTURE rose more than 6%, closing at a 6.06% increase, at HKD 2.8, with a turnover of HKD 12.71 million. On the news front, US e-commerce research firm Adobe Analytics released online shopping data for the 2023 holiday season. The data shows that holiday season spending reached a new high, with consumers spending a total of USD 12.4 billion on "Cyber Monday," a YoY increase of 9.6%, surpassing Adobe's initial forecast. The usage rate of "buy now, pay later" reached a historic high, driving USD 940 million in online spending, a YoY increase of 42.5%. In addition, the company announced that considering the near full utilization of the share repurchase plan in June 2023, the board of directors hereby announces the implementation of a new share repurchase plan, which will repurchase the company's shares from the open market from time to time, depending on market conditions, with a maximum amount of HKD 40 million.
Zhitong App learned that HK TECH VENTURE (01137) rose more than 6%, with a 6.06% increase at the time of publication, reaching HKD 2.8, with a turnover of HKD 12.71 million.
On the news front, US e-commerce research firm Adobe Analytics released online shopping data for the 2023 holiday season. The data shows that holiday season spending reached a new high, with consumers spending a total of $12.4 billion on "Cyber Monday," a year-on-year increase of 9.6%, surpassing Adobe's initial forecast. The usage rate of "buy now, pay later" reached a historic high, driving $940 million in online spending, a year-on-year increase of 42.5%.
In addition, the company announced that considering that the maximum amount in the share repurchase plan in June 2023 has been almost fully utilized, the board of directors hereby announces the implementation of a new share repurchase plan. Depending on market conditions, the company will repurchase its shares from the open market from time to time, with a maximum amount of HKD 40 million to be used for the repurchase.