China Weekly News

1. China kicked off a formal campaign to rein in the potential abuse of algorithms by internet giants from ByteDance to Tencent, taking aim at the way social media platforms serve up ads and content to hook users. (Bloomberg) 2.  Alibaba’s Eleme, Hema and Cainiao send 3,000 frontline workers t...

1. No more tax-free? Chinese regulators pledged to step up oversight of the country's live streaming platforms, a stark warning to an industry that's come under fire in recent years for tax evasion and content violations. (Bloomberg Law) 2.  Big new initiative to know about. Chinese telecommunic...

1. Chinese authorities are considering requiring Tencent to include WeChat Pay in a newly created financial holding company. (Bloomberg) 2. More tech centers in China. Mercedes-Benz said last Friday it has opened an R&D center in Shanghai that will focus on mobility technology. (Nikkei Asia)...

1. Alibaba soars again. Alibaba went as much as 13% up on Tuesday in New York after ramping up its share buyback program to $25 billion. (Bloomberg) 2.  Tencent Holdings has reported its slowest quarterly revenue growth since its listing 18 years ago. Online advertising revenues fell 13% in...

1. JD posted a 23% growth in revenue after it managed to grow users in spite of the intensified competition and slowing consumption. (Bloomberg) 2. Baidu has taken down its app install walls, which require users to download apps in order to read full articles. Users can now read full articles and...

1. Robotaxis in China. Baidu is now authorized to provide paid robotaxi services in Yangquan, Shanxi. The service includes over 30 pickup and drop-off points in government departments, residential areas and high-tech industrial parks at the initial stage. (China Daily) 2. Chinese gaming going glo...

1. Chinese still love hip-hop? This year’s Super Bowl halftime show proved to be popular in China as the performance was viewed more than 3.6 million times on Tencent Video. (RADII) 2. Alibaba is launching a new online platform running a direct sales model, similar to JD’s. The new platform w...

1. Magazines in the metaverse? Huasheng and Alimama joined together and dropped China’s first metaverse magazine entitled ‘MO Magazine’ on February 9th. (Dao insights) 2. China had set up a total of nearly 1.43 million 5G base stations as of the end of 2021, accounting for over 60% of the g...

1. The Beijing Winter Olympics has kicked off on 4 Feb using an array of technology from AI and 5G to AR and cloud. (Pandaily) 2. Anta, Chinese athlete's Olympics uniform supplier, rose 5.2% in stocks ahead of the opening ceremony. (Bloomberg) 3. Green Olympics? China is striving to run a "gre...

1. Short-video platform Kuaishou has set a target range between 900 and 970 billion yuan in gross merchandise volume (GMV) for its e-commerce operation in 2022/3. (Pandaily) 2. ByteDance is internally testing a new social app as well as 3 other new services: a search app called Wukong Sousuo, a g...

1. China’s digital currency eCNY reached 261 million digital wallets and total transaction volume of US$13.78 billion in 2021. (China Internet Watch) 2. ‘Skiing’ is trending on Chinese social media, as the 2022 Beijing Winter Olympics is approaching. (Pandaily) 3. Taobao releases 2022 li...

1. RED’s launching Laohongshu (老红书, the Old Red Book). Yes, the platfrom will soon serve the silver-haired market, too. (Dao insights) 2. In 2021, the volume of China’s imports and exports reached US$6.05 trillion. (Pandaily) 3. China's population surpassed 1.41 billion at the end of...