The impact of new AI technologies on software stocks caused Ju Shui Tan (06687) to drop nearly 13% this morning, hitting a low of 21.6 Hong Kong dollars, the lowest level since its listing.
According to Zhitong Finance APP, the impact of new AI technologies on software stocks has caused Jushuitan (06687) to drop nearly 13% this morning, hitting a record low of HK$21.6 since its listing. As of the time of writing, it fell 12.81%, trading at HK$21.64, with a turnover of HK$7.6417 million.
In terms of market news, on Tuesday, a new automated tool launched by the AI startup giant Anthropic triggered panic selling in software stocks, marking the largest decline since April of last year. Analysts pointed out that expectations regarding the progress of AI have undergone a qualitative change: from the initial belief that AI could "drive growth" to questioning whether AI might "completely replace" the traditional subscription model. Jeffrey Favuzza from Jefferies' equity trading division described the current situation as "SaaS Doomsday," noting that the prevailing trading style is one of panic-driven selling, characterized by a "get me out at all costs" mentality, with no signs yet of stabilization.
Public data shows that Jushuitan is a leading enterprise in the global e-commerce SaaS market. The company primarily serves merchants operating stores on various e-commerce platforms. Its products center around e-commerce SaaS ERP, providing a one-stop e-commerce SaaS solution covering all aspects of e-commerce operations. As of June 30, 2025, Jushuitan served 93,000 SaaS customers.
