HONG KONG, HONG KONG, CHINA, September 6, 2024 /EINPresswire.com/ -- From September 4th to 6th, 2024, the Morgan Stanley China BEST Summit was held in Beijing, focusing on global and China macroeconomic trends and China economic recovery. Steven Hu, Head of Sandalwood Advisors' Shanghai research team, was invited to attend and delivered a keynote speech.

At the summit, Steven Hu presented on the topic “Chinese Consumer Spending and Online Trends.” He provided in-depth insights into Chinese consumer trends and the online sales performance of various categories, including but not limited to sportswear, consumer electronics, international cosmetics, hotels, and real estate.

According to Sandalwood data, the third quarter saw continued growth in sportswear sales driven by the popularity of outdoor activities, particularly for professional and premium brands. International cosmetics brands showed signs of recovery online.
Although consumer electronics has performed poorly after the 6.18 promotion event, domestic smartphone brands continued to perform well.

Sandalwood Advisors is one of the first data-driven market research companies in Asia. It offers actionable insights on the Asian market, covering over 400 sectors and 3,000 publicly listed companies. Its high-quality data services are trusted by the top 100 global institutional investors and highly respected multinational companies around the world. For more information, please visit Sandalwood Advisors' official website: https://sandalwoodadvisors.com/.

Carson Collins
Sandalwood Advisors Limited
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