Household appliance consumption ranks top on singles' day sales. How much impact does the trade-in of old for new have on manufacturers' performance?

① This year's singles' day sales, household appliances topped the category sales chart with a sales figure of 152.6 billion yuan. ② The "national subsidy" policy for replacing old appliances with new ones has significantly boosted appliance sales in the short term. ③ Analysis suggests that based on the strong demand in the current appliance market and the ongoing policy momentum, household appliance sales are expected to continue growing in the fourth quarter.

cls.cnNov 13 10:09 ET

Express News | JPMorgan Chase & Co's Long Position in H Shares of Midea Group Decreases to 7.26% on Nov 7 From 8.73% - HKEX

ReutersNov 13 04:47 ET

Alibaba Logs 'Robust Growth' in Singles' Day Sales; 45 Brands Top 1 Billion Yuan in GMV

MT NewswiresNov 13 01:42 ET

Market Chatter: Chinese Online Retailers See Rise in Sales, Shoppers During Singles Day

MT NewswiresNov 12 22:18 ET

Guolian Securities: Policy catalyzes domestic sales prosperity, kitchen appliances and white goods deserve attention.

Guolian Securities has released research reports stating that this round of subsidies for replacing old with new is comparable to the rural appliances subsidy. Starting from September, the policy implementation has entered the fulfillment phase, with weekly retail growth picking up since late August. Demand has bottomed out and improved, with emerging markets and OBM contributing continued increments; policy bullish on structural upgrades, and domestic average prices are steadily rising.

Zhitong FinanceNov 12 07:50 ET

Report: Trump's election victory may be advantageous for companies to decarbonize.

Donald Trump is about to serve as president again, which has triggered panic among many stakeholders in the clean energy and low-carbon transition fields. However, there may be an unexpected benefit, which is to encourage companies to strengthen voluntary climate actions - a situation that has already occurred during Trump's first term. Faced with the federal government's indifference, the private sector has always tended to enhance their climate ambitions. Purchasing clean energy by companies is an example. During Trump's first presidential term, the scale of corporate power purchase agreements (PPAs) grew by an average of 63% per year, turning an emerging market into a mature market. However, during Joe Biden's term

Global Market ReportNov 12 02:25 ET