The Chinese consumer didn’t go away

BrianTycangco鄭彥渊
11-12

1.Alibaba Group Holding says this year’s Singles’ Day campaign has seen strong demand in four product categories – home appliances, consumer electronics, beauty and apparel – in a sign of consumer-spending recovery on the mainland, as the world’s largest online shopping festival drew to a close on Monday.”

Still light on details but i think we’re getting the picture. The Chinese consumer didn’t go away. $Alibaba(BABA)$ $BABA-W(09988)$ $JD.com(JD)$ $JD-SW(09618)$ $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ $KUAISHOU-W(01024)$ $KUAISHOU TECHNOLOGY(KUASF)$ $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ $PDD Holdings Inc(PDD)$ $KraneShares CSI China Internet ETF(KWEB)$

2. $JD.com(JD)$ $JD-SW(09618)$ heading into 3Q results and SinglesDay outcome. 2024 SinglesDay Grand Promotion: Over 20% Growth in Shoppers

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Once again, Chinese investors continue to increase their bets in the stock market even after what many considered disappointing stimulus measures over the weekend. Are investors seeing positive changes and trends on the ground in China’s economy?

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  • Brrnie
    ·11-13
    another sign that stock will plunge. Chinese stocks are just joke
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  • VivianChua
    ·11-12
    Nice 💚💚💚
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