COVID-19 Report: No Significant Rebound in Chinese Consumer Spending
Three different datasets are showing stability but no significant recovery of the Chinese consumer after COVID-19 lockdown. Online transaction volume (GMV) is up in March but does not represent a large snap back from January and February. Chinese cosmetics sales have recovered but South Korean duty-free sales to Chinese travellers in April, which are largely cosmetics related, have relinquished gains from early March. Lastly, hotel booking activity in Chinese cities remains at February levels. Sales for cosmetics companies like Estee Lauder and Revlon are holding up relatively well, while online sales for western brands like Tapestry, Capri and Apple are seeing some pressure. Complete the form to request access to the full report.
This report is the first in a series of reports published in March 2020 by Eagle Alpha on the use of alternative data to track the impact of the Coronavirus. The purpose of this report is to provide buyside funds, private equity firms, corporates, governments and central banks with examples of how alternative data can be leveraged for timely insights.
Coronavirus Data Package
With the recent coronavirus outbreak, it has become more evident than ever that traditional research and data sources don’t provide investors with timely or adequate insights. Alternative data is the only way investors can obtain timely and granular insights.
The purpose of this report is to provide buyside firms with examples of how data can be leveraged. This report is the seventh in a series of reports published by Eagle Alpha. The majority of this report is dedicated to one hundred case studies that are based on third party datasets as well as Eagle Alpha’s own proprietary datasets and analysis.