Chinese tech giants from ByteDance to Meituan see surge in ‘golden week’ consumer spending

Posted under: AI technologies
Date: 2024-10-09
Chinese tech giants from ByteDance to Meituan see surge in ‘golden week’ consumer spending

Data from on-demand local services companies, such as Meituan and ByteDance-owned Douyin, the Chinese equivalent of TikTok, indicates that over the "golden week" National Day vacation, consumer spending surged on the platforms of Chinese tech giants offering dining and travel booking services. Meituan in-restaurant dining spending is up 41.2% during the first five days of the annual break.

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