The CE 100 Index lost 1.2% as the end of earnings season is in sight. Year to date, the Index has trailed several of the broader indices, as seen in the chart below. Zillow shares sank 17.6%, leading the Live segment 1.6% lower. As reported by...
Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to the U.S. by Shanghai-based eCommerce giant PDD Holdings in September 2022, positions it as one of the largest online advertisers in the...
Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among the companies that have benefited from this shift in consumer behavior, as Chinese shoppers have...
As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. The company has introduced Gucci’s newly opened flagship store, now accessible on China’s JD.com. This...
July 31, 2023
Earnings season is now in full swing, dominating headlines, moving stocks in our ConnectedEconomy™ 100 Index up double-digit percentage points — and to the downside, too. The index was up 1.3%, led by the Shopping pillar, which surged by 6.9%. And within that segment, Ocada posted an impressive 42% leap. Ocado Sees Potential in the […]
January 09, 2023
One week in, and the CE 100 Index has already gained some ground, up 2.7%. This time around, the tailwind came as investors notably bid up stocks tied to several...
December 05, 2022
Connected economy names surged as investors cheered signs of resilient consumer spending. To that end, the CE 100 Index outpaced the broader markets, gaining 3.1% on the week. The Fed...
October 17, 2022
Per usual, big banks were first out of the gate in releasing third-quarter earnings reports last week. Many more reports will come this week and beyond, meeting a mix of...
March 20, 2024
PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company’s total revenues in the fourth quarter of 2023 were $12.5 billion, up 123% from the same quarter a year earlier, PDD Holdings said in a Wednesday (March 20) […]
January 31, 2024
Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to the U.S. by Shanghai-based eCommerce...
October 13, 2023
Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among...
March 20, 2023
China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its revenues increasing, driven primarily by...
