Internet giant announced repurchasing $150 million stock

This internet news is provided by Star East Technology Ltd
According to foreign media reports, the giant network announced at 16:05 on August 11 in the U.S. eastern time that its Board of Directors has approved a buyback program valued 150 million U.S. dollars.
Shi Yuzhu said: "The current giant's shares did not reflect the true giant network of the potential value of the stock, so we buy back shares to enhance shareholder value."
China's online game concept stock has not received the recognition of overseas capital market, China's overseas listing in several operator of online games in the long-term stock price-earnings ratio remained at between 10-20, stock prices high, the price-earnings ratio is not More than 25, while other types of Chinese Internet companies price-earnings ratio is more than the concept of online games a lot. Analysis of the industry, overseas capital market is not optimistic about the concept of online games, is unable to determine a network game of life and profit cycle, and online games in overseas markets that rely on over-the-line profitability that a number of indicators, so online gaming operators The continued profitability is questionable.
　Previously, in order to improve the industrial chain of the overall busines, and tap the deeper value of online gaming to break away the dependence on a single game, Shi Yuzhu has spent 51 million U.S. dollar on acquisition of 25% shares of the Internet community SNS 51. Com.