So, what’s up in China? 🇨🇳 Issue 104, covering 15 – 21 November.

1.The full 36,000-word text of a historical China resolution was released on Friday. President Xi Jinping may potentially rule for life.(Bloomberg)

2. JD posted results for its Q3. Net revenue climbed to RMB 218.7 billion (USD 33.9 billion), an increase of 25.5% from the same period last years.(KrAsia)

3. Alibaba posted slowed revenue and earnings growth during the September quarter. Total Q3 revenue was RMB 200.7 billion (USD 31.1 billion), an increase of 29% yoy. Alibaba’s quarterly revenue would have only increased 16%—the lowest since 2014.(KrAsia)

4. Baidu posted a 13% yoy revenue growth in Q3 on the back of its strong AI cloud business. The company registered over US$4.9 billion in revenue for the quarter.(TECHINASIA)

5. Bilibili announced its unaudited financial results for Q3, too. Total net revenues reached 5.2 billion RMB ($808 million), a 61% increase from the same period in 2020. Net loss was 2.689 billion yuan, compared with 1.1 billion in the same period of 2020.(Pandaily)

6. Weibo’s monthly active users (“MAUs”) reached 573 million in September 2021, a net addition of 62 million users on a year-over-year basis. Weibo’s also cleared for Hong Kong secondary listing filings.(China internet watch)

7. Baidu to dispatch robotaxis in 100 cities by 2030. The company in 2023 will start mass production of electric vehicles equipped with the group’s proprietary self-driving technology. (NIKKEI Asia)

8. From January to October, China’s online retail sales reached 10,376 billion yuan, a yoy increase of 17.4%.(China internet watch)

9. Tencent’s WeChat Pay has made new progress in promoting payment interconnection. 11 institutions’ apps including Unionpay QuickPass, ICBC, China Construction Bank, Bank of China and Bank of Communications have all been promoting cooperation with the payment platform. (China internet watch)

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