Here's What China's E-Commerce Giants Are Telling Us About the Economy

Bernstein expects consumer and regulatory trends to favor stock plays in"real" categories — e-commerce, food delivery and local services — over"virtual" ones — gaming, media and entertainment.Over the weekend, the 6.18 shopping festival spearheaded by JD.com saw total transaction volume rise by 10.3% to 379.3 billion yuan .

"This is due to a larger base, deeper integration of online and offline channels ... and weaker consumer confidence on concerns of a slowing economy and rising unemployment," the firm said. Fitch expects online sales of food and household goods to perform better than that of apparel.retail sales fell by 6.7%Fitch expects China's retail sales to only grow by low single digits this year, versus 12.5% in 2021.

"Their recent decision to cut off external links to [Alibaba's] Taobao and JD shows that times have changed," Ashley Dudarenok, founder of China marketing consultancy ChoZan, said at the time of the news."Taobao is no longer the only main battlefield for e-commerce." Users like cosmetics livestreamer Zhao Mengche often describe Kuaishou as having a"community," in which he said the app is trying to integrate more brands and mimic a village market square — online. Zhao has more than 20 million followers on Kuaishou.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Join PH on track at Brands Hatch August 2ndDrive the Indy circuit for just £139 - here's how to join us 🏁 Helmets essential? Go away Need any help with photography?
Source: PistonHeads - 🏆 553. / 51 Read more »

Tesla Model Y Tops American-Made Index As Honda And Tesla Dominate Top Ten List | CarscoopsTesla Model Y Tops American-Made Index As Honda And Tesla Dominate Top Ten List | Carscoops carscoops
Source: Carscoop - 🏆 306. / 63 Read more »

How Covid Affected Our DreamsDid you have weird or scary dreams during COVID? Many did—and here's what it could mean. The pandemic isn't over. Weird and scary dreams are better than none. Aren't nightmares meant to help regulate your fight or flight responses? Correct me if I'm wrong.
Source: PsychToday - 🏆 714. / 51 Read more »

Jennifer Aniston on Cutting Her Own Hair, The Morning Show, and Protein BarsJennifer Aniston is ready to answer all of our burning questions, including dispelling a certain salad rumor ❤️ ❤️ ohhh we love her ❤️❤️❤️
Source: TheCut - 🏆 720. / 51 Read more »

Cows Look Dumb. They’re Operating on a Level You Can’t Even Grasp.Your dog experiences the world very differently than you do. GROUND--BREAKING
Source: Slate - 🏆 716. / 51 Read more »

80% of Economists See ‘Stagflation' as a Long-Term Risk. What It Is and How to Prepare for ItStagflation refers to a combination of high inflation and high unemployment. Here’s why experts are worried the economy may be susceptible to those conditions.
Source: NBCDFW - 🏆 288. / 63 Read more »