So, what’s up in China? 🇨🇳 Issue 57, covering 21 – 27 December.
- Zhihu, often called Chinese Quora, reportedly prepares for a Hong Kong or US IPO (KrASIA)
- Ant Group has been asked by People’s Bank of China to rectify the company’s lending, insurance and wealth management services (Bloomberg)
- Top Chinese livestreamer Xin Ba fined US$138,000 for selling fake bird’s nest products (pandaily)
- World’s first 350 km/h high-speed freight train launched in China (CGTN)
- China’s State Administration for Market Regulation set 9 directives for Alibaba, Tencent, JD, Meituan, Pinduoduo, and Didi, to address the order in the community retail and group-buying sectors (KrASIA)
- China’s new law on data privacy will protect personal biometric information, amid growing concerns over the prolific use of facial recognition tech (SCMP)
- Ant had cut credit limits for young users on its digital consumer lending platform Huabei (pandaily)
- Chengdu and Guangzhou have joined a growing list of Chinese cities to ban the use of single-use plastic (inkstone)
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