In today’s briefing:
- More Price Increases Bring Further Challenges for Japan’s Retailers
- China TMT Update (Feb.23) – JD, SE, Tiktok, PDD, Temu – Shein’s Financials and Potential Listing
More Price Increases Bring Further Challenges for Japan’s Retailers
- Shoppers are facing a further round of price increases this month, with leading companies raising prices on more than 4,000 items.
- Price inflation on FMCG is now at its highest level since the 1980s and there is growing caution among shoppers: 85.3% feel burdened by price hikes according to a Nomura survey.
- With incomes falling again, many households are now holding back on all but essential spending, seeking out bargains and avoiding supermarkets that are seen as too expensive.
China TMT Update (Feb.23) – JD, SE, Tiktok, PDD, Temu – Shein’s Financials and Potential Listing
- JD: JD launched JD Grocery channel in JDDJ platform (-)
- SE: TikTok launched TikTok Shop Mall in Southeast Asia (-)
- PDD：Comments on reports about Shein’s financials and potential listing (-)
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