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Apple: Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% versus the iPhone 14 in the first 17 days after its market launch.
Shares of retailers that offer value-for-money products have climbed along with their sales
Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.
Both payment companies have been struggling in a post-Covid world.
“We really know how important this region is and will continue to be for Nasdaq and for the growth of the global economy."