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Mon, 03 Oct 2022 09:50:00 +0000	Where Will GigaCloud Stock Be in 1 Year? GigaCloud's (NASDAQ: GCT) stock price tumbled 12% on Sept. 30 after the Chinese e-commerce services company posted its second-quarter earnings report. Revenue rose 11% year over year to $124 million, but adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) declined 53% to $7.
Fri, 30 Sep 2022 13:15:59 +0000	GigaCloud Technology Posts 11% Revenue Growth In Q2 GigaCloud Technology Inc (NASDAQ: GCT) reported second-quarter FY22 sales growth of 11% year-on-year to $124 million. The revenue increase was primarily due to an increase in service revenue from GigaCloud 3P and product revenue from GigaCloud 1P, partially offset by the decrease in product revenue from off-platform e-commerce. The gross profit decreased 41.1% to $17 million and the gross margin contracted by 1,220 basis points to 13.7%. The operating margin was 6.6%, and the operating income fo
Fri, 30 Sep 2022 10:00:00 +0000	GigaCloud Technology Inc Announces Second Quarter 2022 Financial Results HONG KONG, Sept. 30, 2022 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced its unaudited financial results for the quarter and six months ended June 30, 2022. Mr. Larry Lei Wu, Founder, Chairman of the Board of Director and Chief Executive Officer of GigaCloud, commented, “We are pleased to deliver a robust financial and operational results in our first q
Fri, 23 Sep 2022 14:52:09 +0000	Why GigaCloud Stock Slumped This Week Shares of GigaCloud Technology (NASDAQ: GCT), a business-to-business (B2B) e-commerce company, fell this week as investors processed the news of the Federal Reserve raising interest rates by another 75 basis points. The latest interest rate hike, and hikes from other central banks around the world, are causing investors to worry about the state of the global economy. As a result, GigaCloud's stock was down by 16.2% this week through early Friday, according to data provided by S&P Global Market Intelligence.
Tue, 20 Sep 2022 12:30:00 +0000	GigaCloud Technology Inc to Announce Second Quarter 2022 Financial Results on September 30, 2022 HONG KONG, Sept. 20, 2022 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the second quarter of 2022 before the U.S. market opens on Friday, September 30, 2022. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (8:30 pm Beijing/Hong Kong
Thu, 01 Sep 2022 09:05:00 +0000	Better E-Commerce Stock: GigaCloud vs. Baozun GigaCloud Technology (NASDAQ: GCT) and Baozun (NASDAQ: BZUN) represent two very different ways to invest in China's sprawling e-commerce sector. GigaCloud's business-to-business platform connects product manufacturers -- most of them based in China -- with retailers across the world. Baozun's end-to-end e-commerce platform serves as a one-stop shop for large foreign companies that want to quickly establish an online presence in China.
Tue, 23 Aug 2022 16:50:59 +0000	Why GigaCloud Stock Plummeted Tuesday Shares of GigaCloud Technology (NASDAQ: GCT) were getting crushed on Tuesday. The business-to-business (B2B) e-commerce company's shares fell as much as 38.3%. The stock's slide is due to continued volatile trading following the company's initial public offering (IPO) last week.
Mon, 22 Aug 2022 14:02:00 +0000	GigaCloud Technology Inc Announces Closing of $41 Million Initial Public Offering with Simultaneous Full Exercise of the Over-Allotment Option HONG KONG, Aug. 22, 2022 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced the closing of its initial public offering, and simultaneous closing of the full over-allotment option of 3,381,000 Class A ordinary shares at a public offering price of $12.25 per Class A ordinary share (the “Offering”). The gross proceeds of the Offering were approximately $41 million before ded
Mon, 22 Aug 2022 12:53:49 +0000	Is It Too Late to Buy GigaCloud Technology Stock? GigaCloud Technology (NASDAQ: GCT) has taken investors on a wild ride since its initial public offering on Aug. 18. The Chinese e-commerce solutions company went public at $12.25, started trading at $19.
Fri, 19 Aug 2022 18:16:06 +0000	Why GigaCloud Stock Soared Higher on Friday The stock rose as much as 272% but is up about 175% as of 1:25 p.m. ET. The tech stock's gain came on the day of its initial public offering (IPO). Given the way the stock is soaring, the market apparently thinks the IPO was underpriced.
Fri, 19 Aug 2022 15:31:52 +0000	GigaCloud stock more than triples in sophomore session, and has been halted 10 times for volatility Shares of GigaCloud Technology Inc. rocketed again in very volatile trading in their sophomore session on the Nasdaq exchange, to trade at more than four-times the initial public offering price. The Hong Kong-based business-to-business (B2B) ecommerce platform for large parcel merchandise went public on the Nasdaq on Thursday, after the company raised about $36 million by selling 2.94 million shares at an IPO price of $12.25 a share. The stock opened Thursday at $19.20, or 56.7% above the IPO pr
Thu, 18 Aug 2022 21:14:00 +0000	China’s GigaCloud Goes Public in U.S., Bucking Delisting Trend The e-commerce company generates all of its revenue outside of China and says it is prepared to switch auditors if needed to satisfy U.S. regulatory requirements.
Thu, 18 Aug 2022 04:33:00 +0000	GigaCloud Technology Inc Announces Pricing of $36 Million Initial Public Offering HONG KONG, Aug. 18, 2022 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced the pricing of its initial public offering (the “Offering”) of 2,940,000 Class A ordinary shares at a public offering price of $12.25 per Class A ordinary share. The gross proceeds of the Offering are expected to be approximately $36 million before deducting underwriting discounts and commissions and offering e

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