China's Midyear Online Shopping Event May Be Mixed for E-Commerce Companies -- Market Talk

Dow Jones06-20

0318 GMT - China's midyear online shopping event may have yielded mixed results, HSBC analysts led by Charlene Liu and Charlotte Wei say in a research note. Third-party data suggests that the promotional event, known as 618, which runs from late May to mid-June, started strong but saw sales slowing down toward the end. Ongoing softness in consumption sentiment may have contributed to a potential on-year decline in value per order, the analysts say. PDD Holdings is HSBC's preferred Chinese e-commerce play with a buy rating. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

June 19, 2024 23:18 ET (03:18 GMT)

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Third-party data suggests that the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2236285917.USD","symbol_name":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2444304062","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444304062","pubTimestamp":1718853480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0318 GMT - China's midyear online shopping event may have yielded mixed results, HSBC analysts led by Charlene Liu and Charlotte Wei say in a research note. 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