China News

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. 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...
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