China News

Weekly News Digest 85
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. 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...
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...
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