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

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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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RAJAH88
·08-28
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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href=https://www.afr.com/world/asia/pdd-s-81b-stock-crash-sends-warning-on-china-economy-20240828-p5k62h><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.afr.com/world/asia/pdd-s-81b-stock-crash-sends-warning-on-china-economy-20240828-p5k62h\">Source 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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.<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><a href=\"https://ttm.financial/S/09988\">$BABA-W(09988)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$&nbsp;</a> <a href=\"https://ttm.financial/S/09961\">$TRIP.COM-S(09961)$</a>&nbsp;","listText":"What a joke.&nbsp; 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.<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><a href=\"https://ttm.financial/S/09988\">$BABA-W(09988)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$&nbsp;</a> <a href=\"https://ttm.financial/S/09961\">$TRIP.COM-S(09961)$</a>&nbsp;","text":"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.$Alibaba(09988)$ $BABA-W(09988)$ $PDD Holdings Inc(PDD)$ $TRIP.COM-S(09961)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343279535824968","repostId":2462021401,"repostType":2,"repost":{"id":"2462021401","pubTimestamp":1724817960,"share":"https://ttm.financial/m/news/2462021401?lang=&edition=fundamental","pubTime":"2024-08-28 12:06","market":"fut","language":"en","title":"Even Temu and Alibaba are crashing, in red flag for China’s economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2462021401","media":"The Australian Financial Review","summary":"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 ","content":"<html><body><div><p><em>Beijing</em> | 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.</p><p>In the latest warning to global markets on the health of the Chinese economy, Temu-owner PDD Holdings this week surprised investors with an unusually gloomy outlook.</p><p>Loading...</p><p>Bloomberg</p><div></div></div></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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