1. JD launched its Double Eleven Shopping Festival at 8:00 pm last night. The turnover from the iPhone exceeded 100 million in 3 seconds, and that of smartphone brands Xiaomi, OPPO, Realme, Huawei, Honor, iQOO and Vivo increased by over 300% year-on-year. For this year’s Singles Day shopping festival, there will be more first-time shoppers from lower-tier cities than from first and second-tier cities. (Pandaily)
2. The Ministry of Industry and Information Technology (MIIT) issued a notice to establish “two lists” to protect personal information, including a “list of collected personal information” and a “list of personal information shared with third parties,” which should be displayed in apps for users to inquire. The first batch of enterprises to set up the “two lists” includes Tencent, Alibaba, Meituan, Kuaishou and Pinduoduo. (Pandaily)
3. The State Administration for Market Regulation (SAMR) issued for public comment draft guidelines for a rating system for Chinese internet platforms that includes platforms’ future responsibilities. (Technode)
4. ByteDance to lead reform on China’s 996 work culture to start 10-7-5 working schedule.(Dao insights)
5. China has increased the number of individuals with digital yuan accounts to 140 million, with 10 million corporate accounts.(Bloomberg)
6. China’s Edward Gaming (EDG) team earned their first-ever League of Legends World Championship title with a 3-2 win over South Korea in the League of Legends (Lol) World Championship final. (Global Times)
7. Since joining the WTO in December 2001 China exports jumped 870% and imports surged 740% from 2001 to 2020, according to the UN. Total trade value surged 810%, far faster than an 180% increase for overall global trade.(Nikkei Asia)
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