Shares of Chinese companies, including Sos Ltd – ADR (NYSE: SOS), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.
SOS Limited shares rallied Monday following a financial update from the company and have experienced profit-taking since. The company on Monday reported FY21 sales of $358.042 million, versus $50.317 million in FY20. SOS Limited also saw FY21 gross profit of $21.07 million, versus a gross profit of $12.994 million in FY20.
In July …
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