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Greenland Holdings responds to rumors about virtual assets: the revenue of the subsidiary involved accounts for less than 1%

By: odaily.com|2025/07/11 12:31:34

Odaily News Greenland Holdings issued an announcement on abnormal stock trading fluctuations in response to market rumors that its Hong Kong subsidiary was involved in virtual asset-related matters. The company said that after self-examination, the subsidiarys operating income in 2024 accounted for less than 1% of the companys total revenue and had no significant impact on overall production and operations. (Zhitong Finance)

Yesterday, the total liquidation of short positions across the entire network exceeded 960 million US dollars, marking the highest level in four years.
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In the past 4 hours, the entire network has seen $320 million in liquidations, with most of them coming from long positions.

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