China Stock of the Day | Kabutaro & Friends

Shanghai Jiubai <600838>, an operator of commercial facilities and retailer in Shanghai, was the Chinese stock most talked about online on October 26, 2026.
Background: Shanghai Jiubai opened at its limit-up price of 12.10 yuan, fell as low as 11.68 yuan at one point, then closed at the limit-up price again, marking its 4th consecutive limit-up. This was the longest streak of consecutive limit-ups in the A-share market that day. Turnover was 420 million yuan, and market capitalization was about 4.85 billion yuan. The stock has risen about 46% in four trading days from its October 20 close of 8.26 yuan. The trigger came on October 21, when reports that the National Development and Reform Commission was studying and drafting an implementation plan for its strategy to expand domestic demand led investors to buy retail stocks. On October 23, the company issued a risk warning announcement, saying its operations were normal and there were no major matters requiring disclosure. It cautioned that its static price-to-earnings ratio as of that day was 97.28 times, far above the retail industry average of 21.22 times.