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Nike's China conundrum deepens as turnaround stagnates, shares slump Reuters Politics
China’s video game industry revenue grew 7.7 per cent to a new high this year, as domestic titles from the likes of Tencent Holdings and NetEase continued to expand globally and bets on artificial intelligence paid off, according to data released on Friday by the country’s semi-official gaming industry association. The country’s gaming market posted total sales of 350.8 billion yuan (US$49.8 billion) for the year, breaking the previous record of 325.8 billion yuan set last year. The numbers were... Economics
Nike shares drop 10.5% after China sales plummet, tariffs hit earnings Anadolu Ajansı Economics
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Watch Nike Warns of Sales Decline as China Weakness Persists Bloomberg.com Events
Nike’s China Stumble Deepens As Sales And Market Share Slide Finimize Economics
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China's November economy: Job market steady as industrial production softens, retail sales tumble below forecasts Seeking Alpha Economics
International and Chinese consumer brands will be forced to maintain a low-price strategy in mainland China amid persistent deflationary pressures, while looking to lower-tier cities and emerging sales channels for growth, according to a study by global consultancy Bain & Co and market research firm Kantar Worldpanel. Companies in the fast-moving consumer goods (FMCG) sector would need to respond quickly to new market trends with a focus on product affordability to increase sales volume, said... Economics