China News

1. JD reported total transaction volume of over RMB 343.8 billion yuan during the 18-day long 618 (June 1-18). (JD Corporate) 2. WeChat is expanding its e-commerce reach with mini program integration on JD and RED. (China Internet Watch) 3. China’s Education Ministry sets up a new department...

1. China aims to become a global leader in blockchain by 2025. (Bloomberg) 2. 60% of European companies plan to expand operations in China in 2021. (Technode) 3. China will test income redistribution reforms in Zhejiang, which will become a pilot zone for policies to promote “common prosperi...

1. 755 brands debuted on Tmall’s 618 festival with 1 million RMB turnover on day one last week. (Dao Insights) 2. China permits all married couples to have up to 3 children. (Nikkei Asia) 3. China issues regulations for sharing economy companies, stating they must price their services proper...

1. Tmall kicked off 618 Shopping Festival on 24 May. This year discounts will start on 1 June. (China Internet Watch) 2. Pinduoduo highlights for Q1 2021. Average monthly active users 724.6 million, an increase of 49% YoY. 📱Pinduoduo’s total revenues in Q1 were RMB22,167 million (US$13,383 m...

1. Tencent Q1 highlights. Revenues up 25% to RMB 135.3 billion. WeChat MAU up 3.3% YoY to reach 1,241 billion users. (China Internet Watch) 2. JD’s Q1 highlights. Net revenue for Q1 RMB 203.2 billion. Annual customers grew 29% to 500 million. (China Internet Watch) 3. Baidu Q1 highlights. Re...