Chinese consumer companies signal spending is picking up again [MSNBC.com]
JD.com, Inc. - American Depositary Shares (JD)
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Source: MSNBC.com
Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025.Fang Dongxu | Feature China | Future Publishing | Getty ImagesBEIJING — Chinese companies' latest earnings reports point to an improvement in consumer spending, though it's not necessarily back to pre-pandemic levels.E-commerce giantsAlibabaJD.com"We think consumption growth is in a period of healthy recovery, but not [yet reaching] the high previously," Charlie Chen, managing director and head of Asia research at China Renaissance Securities, said Wednesday in Mandarin, translated by CNBC.For consumer spending to return to pre-pandemic growth, Chinese companies' revenue growth likely needs to recover by double digits and c
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JD
Earnings
- 3/6/25 - Beat
JD
Sec Filings
- 3/18/25 - Form 144
- 3/6/25 - Form 6-K
- 12/31/24 - Form 144
- JD's page on the SEC website