Douyin surpassed Tmall in clothing sales; Luckin’s new rivalry; Li Auto outperforms EV makers - Charts of Week
Subtitle: Catch up with China’s industry leaders in 12 charts; Covered in the post: BABA, JD, Bytedance, Kuaishou, Meituan, Luckin; Li Auto, Nio, Xpeng, BYD, Luxshare, Boss
Week of May 29, 2023
This edition of "Charts of the Week" offers an overview of important events involving major players in various industries, using BigOne Lab's proprietary data. We have selected the top companies you should pay attention to from the 4,000+ publicly listed companies we track.
Disclaimer: The purpose of this article is to provide an overview of the industry leaders in China and is not intended to constitute individual investment advice. This is not a recommendation to buy or sell stocks.
Tickers / companies covered in this issue:
China E-commerce: BABA, JD, Douyin, Kuaishou
Luckin Coffee, Starbucks
China EVs: Nio, Li, Xpeng, BYD
*This post is exclusive to our professional-tier readers. To get a sense of what is offered, you are welcome to check out this older post in the same series:
In April, sales on the traditional e-commerce marketplaces JD (NASDAQ: JD) and Tmall (NYSE: BABA) grew at a slower pace than the industry peers
Hitting a trough in April 2022, online sales on all major e-commerce platforms recorded positive year-on-year growth in April 2023. However, the traditional marketplaces JD and Tmall experienced a slower rebound.
According to BigOne Lab’s data, sales on Tmall grew 11% year-on-year and 12% on JD. On the other hand, live-shopping platforms Douyin and Kuaishou (HK:1024) saw their sales surge by 69% and 57%, respectively in April.