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Chinese consumer companies signal spending is picking up again [CNBC]

JD.com, Inc. - American Depositary Shares (JD) More Company Research Source: CNBC

Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report

US:NASDAQ Investor Relations: ir.jd.com

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 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 gro [Read more]

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