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Changes in Hong Kong stocks | Kuaigou taxis soared for the third consecutive day, rising 194% on the third day
Continuing its recent strength, Kuaigou Taxi (2246.HK) rose again in intraday trading today, once rising above 23% to HK$0.84, setting a new high since October 2023. The stock has soared for the third consecutive day, with the cumulative maximum increase during the three-day period reaching 194%. At the beginning of the month, Kuaigou announced an annual loss of 1.1 billion yuan, which was 9% narrower than the loss of 1.21 billion yuan in the same period in 2022. The loss per share was 1.76 yuan, and there was no dividend. Kuaigou Taxi was previously sold at full speed by Alibaba and Taobao China. In February, according to the Stock Exchange, Alibaba Taobao China's shareholding fell from 5.07% to 4.88%, which was below the 5% disclosure threshold. Kuaigou Taxi will be listed in 2022, with an IPO price of HK$21.5. At that time, Ali held 92.1453 million shares or 14.97% of Kuaigou Taxi, and has since reduced its holdings many times.

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