Best Buy(US:BBY) Ge Long Hui·2025-08-19 14:23Core Viewpoint - Best Buy (BBY.US) has launched a third-party online shopping platform to expand its product offerings and reverse declining sales, leading to a stock price increase of over 4.3% and reaching a new high since May [1] Group 1: Company Developments - Best Buy's new platform allows consumers to purchase newly listed brands and products, including customized gaming controllers, seasonal decorations, and sports collectibles [1] - The operational model of the new platform is similar to that of Amazon and Walmart, relying on third-party merchants for supply, sales, and shipping, while Best Buy earns commissions from these transactions [1] Group 2: Market Reaction - Following the announcement, Best Buy's stock price rose to a peak of $74.91, marking the highest level since May of this year [1]