GigaCloud Marketplace GMV Was $794.4M For 2023, Up 53.3% YoY, Active 3P Sellers Were 815, Up 45.5%, Active Buyers Increased 20.5% To 5,010 And Spend Per Active Buyer Was $158,569, Up 27.2% Y/Y
Portfolio Pulse from Benzinga Newsdesk
GigaCloud Marketplace reported a Gross Merchandise Value (GMV) of $794.4M for 2023, marking a 53.3% increase YoY. The platform saw growth in active 3P sellers to 815 (up 45.5%) and active buyers to 5,010 (up 20.5%). Spend per active buyer also rose by 27.2% to $158,569. The 3P seller GMV was $426.3M, accounting for 53.7% of the total GMV.
March 15, 2024 | 12:09 pm
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POSITIVE IMPACT
GigaCloud Technology Inc. (GCT) reported a significant increase in GMV, active sellers, and buyers for 2023, indicating strong growth and market expansion.
The substantial growth in GMV, along with increases in active sellers and buyers, suggests a positive market response and operational efficiency. This is likely to instill investor confidence and could lead to a positive short-term impact on GCT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100