Can China’s Tech Giants Do Without Consumers?

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Despite massive discounts and star-studded campaigns, Chinese consumers remain cautious.

Despite massive discounts and star-studded campaigns, Chinese consumers remain cautious.

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Tencent’s profits soar, driven by gaming — a small bright spot in an otherwise gloomy economy.

Tencent’s profits soar, driven by gaming — a small bright spot in an otherwise gloomy economy.

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Tech giants are betting on AI, but the payoff remains uncertain amidst global and domestic challenges.

Tech giants are betting on AI, but the payoff remains uncertain amidst global and domestic challenges.

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As domestic challenges persist, Chinese e-commerce companies seek growth overseas, but competition is fierce.

As domestic challenges persist, Chinese e-commerce companies seek growth overseas, but competition is fierce.

Slashing prices and launching aggressive campaigns isn’t opening pocketbooks. Beijing must spur spending.