Passing along an update to our China data on Covid, consumer sentiment, and sector specific / company specific trends. Please let us know if you have any questions. 

Open Report:Bespoke – China Covid and Monthly Trackers April Update

Key Takeaways:

  • Still concerned and not “back to normal”, but first sequential improvement in sentiment toward Covid and resumption of activity.
  • Consumer sentiment toward personal finances and spending worsens considerably.
  • Sentiment toward US / China relations worsens, again. All-time lows.
  • Streaming usage and mobile engagement remains strong.
  • Smartphone refresh cycles stretching, shifting toward Android.
  • eCommerce mixed to positive. Improvements for PDD sequentially.
  • Casual dining visits flat against March (which showed a drop).
  • Grocery Delivery and food delivery continues to grow.

Key Charts: