Chinese consumer companies signal spending is picking up again [CNBC]
JD.com, Inc. - American Depositary Shares (JD)
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Source: CNBC
However, the earnings released by certain companies reveal strong consumer spending in niche areas, with companies such as Laopu Gold and Pop Mart seeing a surge in revenues. Competition remains fierce in certain market segments, such as coffee and tea. Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025. BEIJING — Chinese companies' latest earnings reports point to an improvement in consumer spending, though it's not necessarily back to pre-pandemic levels. E-commerce giants and both said in the last several weeks that their China retail business saw faster year-on-year revenue growth in the last three months of 2024 than in 2023. “We think consumption growth is in a period of healthy recov
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