1. Baidu aims to be an infrastructure platform in the metaverse, begins internal testing of Xirang VR app. (Technode)
2. JD launches a portal for non-fungible tokens (NFTs), making it the 3rd internet giant in China after Tencent and Alibaba. (Technode)
3. China’s top influencer, Viya, has been fined RMB 1.34 billion (USD 210 million) by Chinese authorities for tax evasion. Thousands of other bloggers filed their taxes overnight. (KrAsia)
4. Tencent Music launches China’s first virtual music festival TMELAND. (Pandaily)
5. Zhejiang Consumers Council summons products from major e-commerce livestreaming platform operators. 😅 After testing 80 batches of products, 29 batches did not meet the national standards, and the non-conformity rate was 36.25%. (Pandaily)
6. Jilin province will support banks to provide up to 200,000 yuan (US$31,400) of “marriage and birth consumer loans” to married couples to promote population growth. (Bloomberg)
7. China is considering lowering its 2022 growth target to 5.5-6%(NikkeiAsia)
8. Many Chinese cities will quarantine domestic travelers arriving from other parts of the country in an attempt to prevent the spread of coronavirus infections during the upcoming holiday season. Stay at home CNY is being promoted across the country.(NikkeiAsia)
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