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618 SHOPPING FESTIVAL
China's JD.com tops quarterly revenue estimates on steady e-commerce demandA major Chinese e-commerce company exceeded quarterly revenue expectations. This indicates strong consumer spending driven by discounts and...14 Aug, 2025, 04.05 PM IST- Apple earnings under pressure from tariffs, slow AI roll-outApple faces pressure from US tariffs and competition in China as it prepares for its earnings report. Despite expectations of a 4.2% revenu...30 Jul, 2025, 03.36 PM IST
- Apple earnings under pressure from tariffs, slow AI roll-outWall Street expects the company to post a 4.2% rise in revenue for the April-June quarter to $89.34 billion. Still, the focus will be on ho...30 Jul, 2025, 03.33 PM IST
- Daily spending dips, but China's 618 shopping fest sets record with all-time high salesChina's big 618 shopping event wrapped up with record sales. The total sales hit a new high. But, daily spending was a bit lower. The sales...19 Jun, 2025, 02.33 PM IST
- iPhone 16 gets a $351 price drop on Chinese e-commerce sites ahead of shopping frenzyTo combat declining market share in China, online retailers are significantly discounting the iPhone 16 ahead of the "618" shopping festiva...14 May, 2025, 11.14 AM IST
- Chinese ecommerce giant JD beats estimates for quarterly profitThe Chinese e-commerce giant saw a significant rise in quarterly profit, fueled by a mid-year sales festival and aggressive price cuts. Its...15 Aug, 2024, 10.43 PM IST
- Apple's iPhone loses ground in China as Huawei and local brands surge aheadApple Inc. lost market share in China in the June quarter, with iPhone shipments dropping 3.1% as local brands like Huawei surged. This pus...26 Jul, 2024, 03.01 PM IST
- China consumer prices inch up but deflation pressure lingersIn June, China's consumer prices rose slightly by 0.2% year-on-year, marking the fifth consecutive month near zero, highlighting ongoing de...11 Jul, 2024, 12.05 AM IST
- Asian shares subdued, yen hits record low versus euroAsian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. I...25 Jun, 2024, 08.06 AM IST
- More worries for China, sales at big e-commerce festival drop for first timeThis year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended o...19 Jun, 2024, 03.17 PM IST
- Pinduoduo-owner PDD beats second-quarter revenue expectations, shares jumpEcommerce platforms in China have been offering discounts and subsidies to lure shoppers in an uncertain economy. The focus on low-cost pro...29 Aug, 2023, 04.40 PM IST
- Alibaba's quarterly revenue beats even as China's economic recovery sputtersIn the first quarter of its staggered financial year, the group's revenue amounted to 234.1 billion yuan ($32.5 billion), higher than analy...10 Aug, 2023, 04.57 PM IST
- China's e-commerce extravaganza loses shine as consumption declinesChina's midyear shopping festival, 618, is seeing lower consumer spending as customers face stagnant incomes and a tepid economy due to yea...20 Jun, 2023, 02.51 PM IST
- Chinese ecommerce giants entice cautious consumers with steep mid-year discountsThe 618 festival, named after the founding date of JD.com but embraced by all platforms and running from late May until June 18, is a key t...16 Jun, 2023, 08.10 AM IST
- China's JD.com posts slowest growth ever in '618' shopping eventCHINA-CONSUMPTION-China's JD.com posts slowest growth ever in '618' shopping event19 Jun, 2022, 05.47 PM IST
- China to tighten antitrust legal enforcement: new antitrust bureau headChina last month elevated the seniority of the market regulator's antitrust unit, the National Anti-monopoly Bureau, and appointed Gan as c...19 Dec, 2021, 01.01 PM IST
- Gold rate today: Here is how the yellow metal may fareBullion counter may trade on a weaker path, said brokerage SMC Global.02 Dec, 2019, 10.32 AM IST
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