China is purely focused on "housing and real estate" issues both on the consumer and corporate side.
This is great opportunity for ecommerce to come swinging back in full force. There is no rhyme or reason for it except for the solid reality that "consumers still want to buy items for there lifestyle"
24 hour last minute idea play: BABA (Alibaba) has consolidated, it's summer and people are back in "covid testing phases/lockdowns"... ecommerce is bound to rebound.
It will use this time to consolidate up to test the $118 - $120 area. This has a $10 upside potential.