So, what’s up in China? 🇨🇳 Issue 124, covering 12 – 18 April.

1. Prominent Chinese tech executives have spoken out about the widespread supply chain disruptions caused by the lockdown in Shanghai, warning that many of the country’s industries are facing the prospect of production halts in May if the situation persists. (Forbes)

2.  Less privacy in apps? ByteDance will launch a feature on two of its products, Douyin and Toutiao, with which the account IP location will be displayed on the user’s personal homepage. (Pandaily)

3. More fridge sales. China’s lockdowns boost refrigerator sales to store food. Searches for terms such as “freezer” and “refrigerators” on WeChat have also surged sharply since April 7. (Sixth Tone)

4. China’s investment in big data centers is expected to grow by more than 20% annually during the 14th Five-Year Plan period, and the cumulative investment in related fields is set to exceed 3 trillion yuan ($471 billion). (China Daily)

5.  Gaming streams no more? Chinese authorities announced plans to further restrict unlicensed games on streaming platforms such as Douyu and Douyin. (Technode)

6. China’s centrally administered state-owned enterprises saw solid revenue and profit growth in the first three months of 2022. The net profits of central SOEs expanded by 13.7% from a year ago to 472.3 billion yuan (about $74.15 billion) in the first quarter. (CGTN)

7. Chinese financial institutions have been asked to stay clear of NFTs following guidelines issued by major industry associations to curb risks associated with digital assets, pre-empting any backlash from the government given its cautious approach to the technology. (South China Morning Post)

8. China‘s Vice Finance Minister Liao Min said he expects more financial policies to be issued to help in the recovery of the country’s logistics industry, which has been severely impacted by the repeated outbreaks of Covid-19. (Caixin Global)

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