So, what’s up in China? 🇨🇳 Issue 87, covering 19 – 25 July.

1. Chinese tech giants donate more than RMB 1 billion to flood-hit Henan. (Technode)

2. Shenzhen launches Pilot Program of digital currency for public transportation. 🚌 (Pandaily)

3. Tencent was ordered to give up exclusive music streaming rights and pay half a million yuan in fines. (Bloomberg)

4. Chinese authorities have selected 5 of China’s major cities – Shanghai, Beijing, Guangzhou, Tianjin and Chongqing – to develop into international consumption centres. (hooray, Chongqing again, 我家乡) 🥳 (Dao Insights)

5. The number of China’s underage internet users reached 183 million in 2020, making the penetration rate of the internet nearly 95% among Chinese minors. (China Daily)

6. RED reportedly aborts plans for US IPO. 🤔 (Kr Asia)

7. China is considering asking tutoring firms to turn non-profit as part of a sweeping crackdown on the US$120 billion industry. (Reuters)

8. Chinese consumers have spent 34.5 billion digital yuan in trials to date. (Technode)

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