China News

1. Chinese tech giants donate more than RMB 1 billion to flood-hit Henan. (Technode) 2. Shenzhen launches Pilot Program of digital currency for public transportation. 🚌 (Pandaily) 3. Tencent was ordered to give up exclusive music streaming rights and pay half a million yuan in fines. (Bloom...

1. Alibaba and Tencent are considering moves to gradually open up their services to one another. 😱👍💪 Initial steps from Alibaba could include introducing Tencent’s WeChat Pay to Alibaba’s e-commerce marketplaces, Taobao and Tmall. (The Wall Street Journal) 2. Xiaomi surpasses Apple t...

1. China’s top market regulator bans merger of Tencent’s video game streamers Huya and DouYu. (Pan Daily) 2. Tencent launches facial recognition function to regulate minors’ time spent gaming. (Kr Asia) 3. ByteDance announced last Friday that it will cancel weekend work days. 🤔✌️...

1. Didi has been removed from app stores and has stopped registering new users. China’s regulator ordered the company to revise their personal data collection, storage and usage policies. ✌️(Pan Daily) 2. Alibaba will consolidate local lifestyle services in a single business group, consisti...

1. Kuaishou will cut its Sunday workdays amid 996 backlash. ✊ (Technode) 2. Chinese authorities have rolled out fresh measures to cut fees on transactions and payment services.The fee reduction measures are expected to reduce the annual fee expenditure for market players and the public by about...