Sex Tape Sends Furniture Stock Limit Up

Earlier it was Retail Investors Take Cue From TV Show. Now A-shares investors (more accurate to say traders) sent a furniture stock up 10 percent because its chair appeared in a viral sex tape.

LA Times: It may have been quickly censored, but a sex tape is the talk of China
The video appeared on social networking sites on Tuesday, and within a day, Web surfers had searched for it 280,000 times on Baidu, the country’s leading search engine. They identified the video’s setting as a room at a Four Seasons Hotel; they discovered that a sleek, white chair in the corner was manufactured by the Qumei Furniture Group, a company in Beijing.

On Wednesday, Qumei’s stock price soared by nearly 10%, perhaps buoyed by the publicity.

No comments:

Post a Comment