专栏咏竹坊

GigaCloud’s business shines, but investors still rain on its parade

The B2B e-commerce company unveiled a $46 million share repurchase program in its latest move to revive its flagging share price

This article only represents the author's own views.

Sometimes you just can’t win. Whether due to recent turbulence in China tech stocks, overall weakness in China’s manufacturing sector, runaway ocean freight costs or a downturn in the U.S. furniture market, investors have largely shunned GigaCloud Technology Inc. (GCT.US) since its market debut almost exactly two years ago.

They continued to shun the cross-border B2B e-commerce company last week after it announced a relatively large new share repurchase, about a month after also ignoring its latest stellar results that showed triple-digit revenue growth and strong double-digit profit growth in the second quarter.

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