Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BABA-W PM Gains Amplify to 5%; MEITUAN-W Soars 3%; NBS: Relevant Depts Formulating Measures Against 'Involution' Competition
Recommend 42 Positive 93 Negative 35 |
||||
|
||||
|
BABA-W (09988.HK) saw its afternoon gains widen, lately up by 5.37% at HKD111.8. MEITUAN-W (03690.HK) and JD-SW (09618.HK) rallied 3.14% and 0.8%, respectively. In response to the intensified rat-race style competition (“nei juan”) in certain industries and companies recently in China, the Central Financial and Economic Affairs Commission held a meeting on July 1 to clearly propose advancing the construction of a unified national market, Sheng Laiyun, Deputy Director of the National Bureau of Statistics (NBS), stated at a press conference. The focus is on key and difficult areas, governing low-price disorderly competition among enterprises according to law, guiding companies to improve product quality, and promoting the orderly exit of outdated production capacity. Separately, Taobao Instant Commerce's 50-billion-yuan platform consumption vouchers propelled night orders in multiple cities such as Guangzhou, Shenzhen, and Jinan to mushroom more than 2x since July, with night orders in over 640,000 stores nationwide swelling by more than 1x MoM, Sina Tech reported. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
