STOCKS | HKTVmall May GMV Hits HK$827 Million, Up 21.1% YoY

Hong Kong Technology Venture Co. (1137) said its HKTVmall online shopping platform recorded May gross merchandise value (GMV) of HK$827 million. According to Ming Pao, GMV rose 21.1% year on year and 27% month on month. The average order value in May was HK$492, up 6.3% year on year and 13.9% month on month. Average daily order volume was 54,100, up 13.7% year on year and 7.6% month on month, while average daily GMV was HK$26.7 million, up 23% year on year and 21.4% month on month.