Even Temu and Alibaba are crashing, in red flag for China’s economy

The Australian Financial Review08-28

Beijing | One of the last remaining bright spots for Chinese consumption is rapidly fading, as the nation’s economic malaise takes a toll on demand for even the most accessible of goods.In the latest ...

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Comments

  • RAJAH88
    08-28
    RAJAH88
    What a joke.  CTrip results posted strong growth yesterday. As a travel platform, the growth in revenue and profit show a robust economy and people willingness to travel. PDD results and the fact it miss expectations should not be taken as a yardstick of health of Chinese economy but the failure of PDD to compete with the mighty Alibaba.$Alibaba(09988)$ $BABA-W(09988)$  $PDD Holdings Inc(PDD)$  $TRIP.COM-S(09961)$ 
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