1. Another food scandal? Chinese soy sauce brand under fire for ingredients concern. Consumers claim that the Haitian soy sauce sold in Japan includes only natural ingredients. The same product in China, however, contains additives like flavour enhancers and preservatives. (The China Project)
2. Tesla was granted tax exemption from China. Tesla has been granted purchase tax exemptions by the Chinese Ministry of industry and Information technology. (Skynews)
3. JD tests a new group-buying service. JD’s new group-buy service, Dongdongtuan, seems to rival Tencent’s Exiangtuan and Pinduoduo’s Kuaituantuan. Small retailers can manage orders and clients using its WeChat mini-program. (Technode)
4. China’s auto exports log robust growth. China’s auto exports surged 55.5% yoy to top 2.11 million units in the first nine months of the year. (Shine)
5. Chinese video game companies looking to Europe. As China restricts the video game sector, China’s digital giants expand worldwide. This has raised concerns about data security and creative freedom. (The China Standard)
6. Hi-tech innovation ‘at the heart’ of China’s modernisation drive. Xi Jinping emphasised self-sufficiency, innovation, and education in China’s recent development plan. (South China Morning Post)
7. Shein sheds up to one-third of its value in stake sales. Shein has shed up to one-third of its value in private markets in recent months after reaching a valuation of more than $100bn earlier this year. (Financial Times)
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