This is a China news story, published by CNBC, that relates primarily to Laopu Gold news.
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Chinese consumersCNBC
•Technology
Technology
89% Informative
E-commerce giants have reported stronger year-on-year revenue growth in the last three months of 2024 .
However, the earnings released by certain companies reveal strong consumer spending in niche areas, with companies such as Laopu Gold and Pop Mart seeing a surge in revenues.
China 's official economic data for the start of the year showed modest improvement in growth.
Overall industry slowdown and competitors launching low-priced products contributed to a 0.7% drop in same-store sales in the first nine months of 2024 .
In the fourth quarter of 2024 , average monthly sales per Chagee milk tea store in China fell by 20.6% from a year ago .
VR Score
94
Informative language
97
Neutral language
28
Article tone
formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
13
Source diversity
10
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