What China's big earnings say about the consumer
Publishing timestamp: 2023-08-17 20:36:58
Summary
The article discusses the recent earnings releases of JD.com, Tencent, and Alibaba, which showed a steady pick-up in consumer spending in the second quarter of the year. However, there is uncertainty about whether this growth has continued. The article also mentions the growth in livestreaming e-commerce, WeChat Mini program e-commerce, and advertising revenue. It highlights the success of theme parks and the performance of other companies in China's consumer market.
Sentiment: MIXED
Tickers: 9618-HK, DIS, JD, 700-HK, BABA,
Keywords: market insider, business news, markets, tencent holdings ltd, stock markets, jd.com inc, earnings, walt disney co, alibaba group holding ltd, economic events, china,
Source: https://www.cnbc.com/2023/08/18/what-chinas-big-earnings-say-about-the-consumer.html