aus dem finance yahoo forum:
ust sharing and translating what was being reported in China on how coronavirus is affecting US China ADRs.
$JD - very positive
7Fresh - the online grocery arm of JD had struggled due to chinese consumer preference in touching and choosing their produce before purchase. The coronavirus is changing all that and consumer are now shifting to order online. This will be a major growth area for JD in the next few Qs. JD delivery men in red suit are ubiquitous during this period and only well stocked and guaranteed delivery. Chinese consumer are a grateful bunch and this has been a massive win for JD.
$BABA - neutral
Hema - the online grocery arm did well too. But their Tianmao ecommerce platform suffered due to their reliance on third part warehousing and delivery. Many items were ordered by consumer but cancelled by vendors due to lack of delivery options. Ali Cloud business boomed as more companies shift more operations online.
$PDD - Down
The majority of PDD products are low price and cheap items and are priced with free delivery. As such vendors chose the cheapest option to deliver. Unfortunately, the cheap option meant most of them failed to deliver. Many orders are cancelled in this period.
$LK - Down
The cities lockdown is a major blow to LK Coffee. Most of their kiosk are in business districts and during this period, everyone is not coming to office. Delivery to homes also pose a problem due to community not letting food delivery into their community and many chose to cook or make their own coffee at home. |
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