China Weekly News

1. Taobao and Tmall are merging? Backends are. Alibaba reorganises back-end operations of Taobao and Tmall as well as establishment of 3 new operation centres for both platforms. (South China Morning Post) 2. How’s WeChat app store doing? WeChat mini program ecosystem attracted more than 450 mi...

1. Bilibili's New Year Gala hit record-breaking popularity index of 310 million livestream playbacks. (Pandaily) 2. Kuaishou has partnered with Meituan to integrate their key services. The recent offering pits Kuaishou against Douyin as short video platforms facilitate sales for retail and F&...

1. Baidu aims to be an infrastructure platform in the metaverse, begins internal testing of Xirang VR app. (Technode) 2. JD launches a portal for non-fungible tokens (NFTs), making it the 3rd internet giant in China after Tencent and Alibaba. (Technode) 3. China’s top influencer, Viya, has b...

1. Alibaba has set a target for gross merchandise volume (GMV) of $100 billion for its Southeast Asian marketplace Lazada. The move is meant to offset the slowdown in domestic business growth by accelerating overseas expansion. (Pandaily) 2. China will ban edited content that contains scenes from...

1. The most important word for economic policy in China in 2022 is “stability,” the ruling party’s top decision makers announced at the end of a 3-day annual Central Economic Conference.(Bloomberg) 2. Bilibili may launch a shopping cart feature in its livestream pages in the coming weeks.(T...

1.The number of 5G connections in China to reach 865 million by 2025, 40% of global total.(China Internet Watch) 2.WeChat removed the “warning” page that pops up every time users click on external links in the app. Tencent is also testing a function in WeChat that allows users to be directed...

1.Pinduoduo’s active buyers reached 867 million this year, an increase of 19% yoy. (China internet watch) 2.Meituan released its financial Q3 results. Its revenue reached 48.829 billion yuan ($7.6 billion), an increase of 37.9% over last year.(Pandaily) 3. The two livestreamers, Zhu Chenhui...

1.The full 36,000-word text of a historical China resolution was released on Friday. President Xi Jinping may potentially rule for life.(Bloomberg) 2. JD posted results for its Q3. Net revenue climbed to RMB 218.7 billion (USD 33.9 billion), an increase of 25.5% from the same period last years.(K...

1.Both Alibaba and JD had record breaking Double 11 shopping festival this year. Alibaba finished with US$84.54 billion in gross merchandise volume, 8.45% growth yoy, the first single-digit GMV growth since the company created the shopping festival in 2009. (China internet watch) 2. Douyin welcom...

1. JD launched its Double Eleven Shopping Festival at 8:00 pm last night. The turnover from the iPhone exceeded 100 million in 3 seconds, and that of smartphone brands Xiaomi, OPPO, Realme, Huawei, Honor, iQOO and Vivo increased by over 300% year-on-year. For this year’s Singles Day shopping festi...

1. China is pushing almost a trillion yuan (US$156 billion) of funds into the banking system in just 2 weeks, signaling that it will use short-term liquidity to sustain growth.(Bloomberg) 2. For this year’s Singles Day shopping festival, there will be more first-time shoppers from lower-tier ci...

1. Li Jiaqi, a top livestreamer, sold goods for US$1.9 billion on the first day of Double 11 pre sales. (Bloomberg) 2. JD Logistics released its 5G automated warehouse that will automatically manage and operate the entire logistics process. (Pandaily) 3. RED apologied for misleading travel rev...