So, what’s up in China? 🇨🇳 Issue 52, covering 16 – 22 November.

  1. China’s retail sales grew 4.3% in Oct 2020; online contributed 24% of total (CNBC)
  2. China and 14 other Asia-Pacific countries signed RCEP, the world’s largest trade agreement (China Internet Watch)
  3. Baidu to acquire Joyy’s livestreaming service for US$ 3.6 billion (Tech in Asia)
  4. Pinduoduo has launched a mini program that will allow consumers to verify the authenticity of their baby formula products (pandaily)
  5. Didi rolls out world’s first custom-built EV (electric vehicle) for ride-hailing (pandaily)
  6. Pinduoduo is planning to raise US$ 6.1 billion to invest in agricultural logistics infrastructure and responsive manufacturing (KrASIA)
  7. To reduce obesity, more weight is being put on sport in China’s high-school entrance exam (SCMP)
  8. Video platform Bilibili MAU up 54% to 197.2 million in Q3 2020 (China Internet Watch)
  9. China lenders freeze US$2.1 billion debt payments for poor nationals. Deferral benefits 23 countries (Bloomberg)

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