China’s ‘Magnificent Seven’ gets new ETF
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to …
Meituan
Is China’s consumption story over? Here’s what experts are saying
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 …
Meituan lost $82 billion in market cap on slowdown fears, more competition
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 …
Pinduoduo transaction revenue up 315% as Chinese consumers hunt for bargains
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 …
The September jobs report is key
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 …
China’s food delivery app Meituan shares fall on weaker Q3 outlook
Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Yan Cong | Bloomberg | Getty Images Meituan‘s Hong …
Grab and Foodpanda, popular food delivery platforms, venture into the realm of dine-in services.
Customers dining at Boat Quay in the Central Business District of Singapore. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE — Singapore-based food delivery apps Grab and Foodpanda …
China’s stock market experiences an increase as Beijing pledges actions to strengthen the slowing economy
Tourists at the Bund on July 11, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Chinese stocks soared Tuesday as Beijing pledged to ramp up measures …