Monday, October 28, 2019

Diwali sales finally give retailers relief

While footfalls were similar to those last year, sales rose as the average shopping basket was bigger. Diwali was a crucial period since sales of most categories had been flat or had declined this year due to poor consumer sentiment. https://ift.tt/348pKQ9 https://ift.tt/eA8V8J

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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...