Optimism Returning for China's Internet Companies: Keung

The video discusses the challenges and expectations for the second quarter, focusing on the impact of COVID-19 lockdowns and regulatory changes on the China Internet sector. It highlights the need for companies to preserve capital and adapt to a stabilizing competitive environment. The video also examines the effects of the pandemic on e-commerce, with disruptions in supply chains and consumer spending patterns. The upcoming June 18th shopping festival is seen as a key indicator of consumer confidence and spending trends.

What is the significance of the upcoming June 18th shopping festival for Chinese consumers?

What factors will influence consumer spending as cities start to reopen?