So, what’s up in China? 🇨🇳 Issue 51, covering 9 – 15 November.

  1. Double 11 2020: Tmall + JD sales exceeded US$ 116 billion (China Internet Watch)
  2. In Q3 2020 Tencent generated a revenue of RMB 125.5 billion ($18.9 billion), up 29% YoY (pandaily)
  3. The State Post Bureau predicts the total parcel volume for Singles’ Day to reach 3 billion (KrASIA)
  4. ByteDance to generate over US$27 billion in ad revenue by the end of 2020 (Tech in Asia)
  5. China publishes draft competition rules for online platforms aimed at preventing monopolistic behaviour (Reuters)
  6. Tencent admits Big Tech needs more regulation to reflect new reality in China (Nikkei Asia)
  7. China aims to have vehicles with partial self-driving technology account for 50% of all new-auto sales by 2025 (Nikkei Asia)
  8. China’s total passenger numbers were 50.32 million in October, that’s 88.3% of the level a year earlier (Reuters)
  9. 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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