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0.000374024087635449 0.00114991224353941 0.00112973834452985 0.0015937380217475 0.00251043999273748 0.00167443361778539 0.00183582480986105 0.00404244588351593
Stock impact report

Procter & Gamble doubles down on China's TikTok to reverse sales slump [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
shopping app Douyin in recent months, helping its Pantene shampoo lead growth in hair care on the platform, executives said Thursday at an investor day. The Cincinnati-based company's investments in better packaging for Pantene in China, and improved marketing on how much to use, has led to share growth online, the company's head of beauty, Alex Keith, said at the event. "We've grown online share for more than a year now and our portfolio is leading category growth on Douyin, the fastest growing online retailer in China," Keith said. P&G's beauty business globally made up about 18% of its $84 billion in net sales in its fiscal year ended in June. Influencers on Douyin like Ni Bi Yi, a young mom, and Chou Dan, known for her jokes, tout Pantene's jasmine fragrance and ability to repair their hair, according to posts on the China-based sister app of TikTok. P&G is looking for ways to stoke sales in China's sputtering economy, where its revenue was down 15% in the quarter ended Se Show less Read more
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