So, what’s up in China? 🇨🇳 Issue 51, covering 9 – 15 November.
- Double 11 2020: Tmall + JD sales exceeded US$ 116 billion (China Internet Watch)
- In Q3 2020 Tencent generated a revenue of RMB 125.5 billion ($18.9 billion), up 29% YoY (pandaily)
- The State Post Bureau predicts the total parcel volume for Singles’ Day to reach 3 billion (KrASIA)
- ByteDance to generate over US$27 billion in ad revenue by the end of 2020 (Tech in Asia)
- China publishes draft competition rules for online platforms aimed at preventing monopolistic behaviour (Reuters)
- Tencent admits Big Tech needs more regulation to reflect new reality in China (Nikkei Asia)
- China aims to have vehicles with partial self-driving technology account for 50% of all new-auto sales by 2025 (Nikkei Asia)
- China’s total passenger numbers were 50.32 million in October, that’s 88.3% of the level a year earlier (Reuters)
- In Yunnan province (country’s largest remaining poor population), the last 9 counties were delisted from the poverty-stricken region list (China Daily)
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