LVMH, the owner of Louis Vuitton and Tiffany, beat fourth-quarter sales forecasts on Tuesday, reports Reuters, boosting hopes of a luxury sector rebound. The French group reported signs of a return to growth in Asia, with domestic Chinese sales rising in the quarter, confirming a recovery it has flagged for several months. Chinese shoppers—including those abroad—account […]
Category: Markets
China’s banking wealth management market expanded to a record RMB 33.29 trillion ($4.8 trillion) in 2025, up 11.15% from the year start, reports Caixin. This comes even as average investor returns slipped below 2% for the first time, highlighting the disconnect between asset growth and yield performance. The industry’s growth underscores the continued enthusiasm of China’s […]
PDD Holdings’ share price saw its seventh consecutive drop on Tuesday, pushing its market capitalization below $150 billion, as concerns grow over the intensifying regulatory scrutiny of its cross-border e-commerce platform, Temu, reports Caixin. The stock has shed more than 30% of its value since a November 2025 peak, as Temu’s growth trajectory hits turbulence in […]
Lacklustre sales at the end of 2025 will bode ill for the Chinese electric vehicle (EV) domestic market this year, reports the South China Morning Post, with low-priced carmakers under pressure to offer further price cuts amid an adjusted trade-in subsidy mechanism. A bleak outlook could also prompt authorities to rein in a discount war as few assemblers […]
China’s housing construction has slowed to its lowest level in more than two decades, reports Caixin. The shift marks a structural turning point for China’s property sector, which is now focused on shrinking balance sheets and clearing excess inventory rather than expanding supply. Data released by the National Bureau of Statistics showed that nationwide residential housing […]