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Gigacloud Tech - GCT STOCK NEWS

Welcome to our dedicated page for Gigacloud Tech news (Ticker: GCT), a resource for investors and traders seeking the latest updates and insights on Gigacloud Tech stock.

Gigacloud Tech (GCT) operates a global B2B e-commerce platform specializing in large parcel merchandise, connecting Asian manufacturers with international resellers through integrated discovery, payment, and logistics solutions. This page aggregates official announcements and verified news about the company's marketplace operations, strategic partnerships, and technological developments.

Investors and business professionals will find timely updates on earnings reports, supply chain innovations, and cross-border trade initiatives. The curated collection includes press releases about warehouse network expansions, platform feature enhancements, and key partnership agreements within the global e-commerce sector.

All content undergoes verification to ensure accuracy and relevance to GCT's core operations in B2B technology solutions. Users can expect updates covering operational milestones, financial disclosures, and industry-specific developments related to large-parcel logistics and digital marketplace trends.

Bookmark this page for streamlined access to critical updates about GCT's evolving role in global e-commerce infrastructure. Check regularly for new insights into the company's fulfillment network growth and technological advancements in cross-border transaction management.

News
Rhea-AI Summary
GigaCloud (NASDAQ: GCT) Faces Securities Class Action Lawsuit - Faruqi & Faruqi, LLP is investigating potential claims against GigaCloud Technology Inc. The lawsuit alleges that the company made materially false and misleading statements during its IPO and the subsequent period. Investors who suffered losses are encouraged to contact the law firm directly to discuss their legal rights before the December 4, 2023 deadline.
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GigaCloud Technology Inc has completed the asset acquisition of Noble House Home Furnishings LLC for approximately $85 million. The acquisition includes inventory, warehouse leases, websites, trademarks, and customer contracts. GigaCloud aims to build a diverse B2B marketplace with high-quality products and believes that integrating Noble House's capabilities will accelerate marketplace growth. The acquisition expands GigaCloud's operations into Canada and adds a new sourcing origin in India.
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4.75%
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GigaCloud Technology Inc responds to misleading short seller report
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14.88%
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Rhea-AI Summary
GigaCloud Technology Inc responds to claims made by short seller Culper Research, stating that the report lacks merit and contains defamatory and misleading statements. The company is reviewing the claims and will take appropriate measures to protect shareholders' interests. Investors are cautioned to exercise caution when considering these claims.
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GigaCloud Technology Inc expands warehouse network with three new leases, increasing warehousing space in the US by 20.7% and in Germany by 47.8%. Global warehouse network now spans 5.2 million square feet. GigaCloud's 3P seller GigaCloud Marketplace GMV grew by 65% from June 2022 to 2023. New warehouses to be fully operational by end of October.
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GigaCloud Technology Inc to present at Sidoti & Company September Small Cap Virtual Conference
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-7.85%
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GigaCloud Technology to acquire Noble House Home Furnishings assets for $85 million in bankruptcy proceedings
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GigaCloud Technology Inc (NASDAQ: GCT) will be presenting at the August 24th, 2023 virtual Investor Summit. The presentation will take place on August 24, 2023, at 10:30am ET. Qualified investors can register for the conference for free.
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GigaCloud Technology Inc reports strong financial results for Q2 2023 and first half of 2023
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Gigacloud Tech

Nasdaq:GCT

GCT Rankings

GCT Stock Data

510.04M
27.49M
14%
43.7%
13.97%
Software - Infrastructure
Retail-catalog & Mail-order Houses
Link
United States
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