TECH - GigaCloud's E-Commerce Success Story Is Fact or Fiction? Culper Research's Short Report Raises Doubts | Benzinga
Culper Research is short on GigaCloud Technology Inc (NASDAQ: GCT), noting the company presents itself as a top-tier e-commerce logistics company, boasting impressive achievements such as tripling Gross Merchandise Value to $607.5 million in the last three years and generating $155 million in service revenues.
They attribute their success to their AI technology, which has made them consistently profitable and more efficient than their competitors in the fiercely competitive e-commerce and logistics sector.
Benzinga has reached out to the company for comments on the short-seller report.
Culper highlights the following flaws in the above narrative - GigaCloud's assertion of running 14 ...