The Zhitong Finance App learned that Mao Geping (01318) rose intraday. As of press release, it had risen 5.10% to HK$46.98, with a turnover of HK$109 million.

According to the news, this year's Double 11 promotion has already started. According to the CICC Research Report, under the premise that the overall price system is stable, the overall sales situation is better than the market's previous pessimistic expectations, and Mao Geping still achieved considerable growth under the premise that the price discount was small. Also, according to CMB International's recent review, Mao Geping's GMV increased 42.9% year-on-year in September, up from 17.7% in August. Douyin's 64.2% increase was the main driver. Makeup increased by 48.4%, and skincare also grew by 24.9%. The growth momentum expanded from the core makeup business to skincare.

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