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| HSI1 | 24,533.40 | -263.58 | 52.98B |
| HSCEI1 | 8,292.90 | -76.18 | 16.37B |
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2026-11-05 10:49:17 During the first phase of the Double 11 campaign, the aggregate GMV of major e-commerce platforms hiked by more than 4% YoY, or about 10% YoY including Quick Commerce, in line with industry expectations, Citi said in a research report. In addition, platform performance diverged. Douyin charted the fastest growth, benefiting from faster expansion in shelf-based e-commerce and tactical influencer support. Tmall outperformed Taobao on contributions from 88VIP members and growth in brand advertising spending. JD-SW (09618.HK) defended its moat in self-operated 3C electronics and home appliances while balancing profitability. PDD Holdings Inc. (PDD.US) prioritized supply quality from industrial clusters over subsidies. KUAISHOU-W (01024.HK) lagged peers. The broker maintained Buy ratings on BABA-W (09988.HK), JD-SW and PDD Holdings Inc., while maintaining a Neutral rating on KUAISHOU-W. ~ AASTOCKS Financial News Website: www.aastocks.com | |