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 24 billion RMB (about $3.71 billion). (CGTN)
3. Chinese adults spend an average of 3 hours and 16 minutes a day checking their smartphones. 📱(China Internet Watch)
4. Shenzhen wants to give a boost to the e-commerce industry through a new set of rules, as it seeks to cultivate its own online shopping giant. There are currently more than 553,000 e-commerce-related companies registered in Shenzhen, the most of any city in the country, but no star yet. (SCMP)
5. As a result of Guochao Chinese consumer firms raised 69.7 billion yuan (US $11 billion) from primary market investors in the first 5 months on 2021, more than double vs the year earlier. (Reuters)
6. Kuaishou obtained the rights to broadcast the 2020 Tokyo Olympic Games and the 2022 Beijing Winter Olympic.🚀🚀🚀 (Pan Daily)
7. A Father’s Day advertisement in China encouraging people to take advantage of the three-child policy is facing a public backlash. The ad campaign carried messages from men only, but was aimed at women. (SCMP)
8. Chinese banks’ stockpile of foreign-currency deposits has surpassed US$ 1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country.💰 (Bloomberg)
9. China launches US$ 200 million Earth Stimulation Lab to “predict the roll out of climate change”. (Caixin)
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