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Market News: Official estimates indicate that about 100 pieces of shrapnel have fallen on Jordanian territory since the escalation of the Middle East conflict.

2025-06-20

Market News: Official estimates indicate that about 100 pieces of shrapnel have fallen on Jordanian territory since the escalation of the Middle East conflict.

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2025-06-20

China's one-year loan market benchmark rate as of June 20 was 3%, expected to be 3.00%, and the previous value was 3.00%.

China's one-year loan market benchmark rate as of June 20 was 3%, expected to be 3.00%, and the previous value was 3.00%.
2025-06-20

【Goldman Sachs expects 618 GMV to grow by 10% to 11% this year E-commerce prefers JD.com and Kuaishou】Goldman Sachs published a report stating that China's e-commerce industry performed robustly during the 2025 618 Shopping Festival, and expected tot

【Goldman Sachs expects 618 GMV to grow by 10% to 11% this year E-commerce prefers JD.com and Kuaishou】Goldman Sachs published a report stating that China's e-commerce industry performed robustly during the 2025 618 Shopping Festival, and expected total GMV (before deducting returns) to grow by about 10 to 11%, with package volume growing by 15% between May 12 and June 15. Goldman Sachs said that due to the weaker profit outlook for e-commerce platforms in the second quarter, the bank recommends a more defensive sub-industry allocation strategy, giving priority to games, mobile travel and Internet verticals. In the e-commerce sector, JD.com (09618.HK) and Kuaishou (01024.HK) are preferred, both with a "buy" rating. The report mentioned that during this year's 618 Shopping Festival, electronic/home appliance products drove healthy growth in industry GMV; GMV growth of existing e-commerce companies and emerging short video platforms was consistent; more emphasis was placed on instant on-demand e-commerce; platforms continued to support merchants and ecosystems through simplified promotional activities; and the application of artificial intelligence in e-commerce activities increased.
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