A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty Images After a year of uneven and disappointing post-pandemic recovery in 2023, China’s consumer sentiment may finally start to improve this year. Last year, the … Read more
A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Source: Bloomberg Bloomberg | Bloomberg | Getty Images Since the beginning … Read more
Chinese flag waving in front of Shanghai cityscape. Eternity in an Instant | Stone | Getty Images Consumers in China are hunting for bargains when they spend, the latest earnings from online retailers show. Chinese e-commerce giant Pinduoduo posted 94% growth in third-quarter revenue, far outpacing Alibaba’s 9% growth during the same period. Pinduoduo, known for … Read more
A Now hiring sign at Taco Bell in Fullerton, CA, on Monday, Sept. 13, 2021. Jeff Gritchen | Medianews Group | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
Folks sporting face masks crossing a avenue at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China Information Service | Getty Photographs Hong Kong’s benchmark index entered bear market territory Wednesday on an intraday foundation, erasing the rebound good points from China’s reopening. The Dangle Seng index hit a session low … Read more