So, what’s up in China? 🇨🇳 Issue 57, covering 21 – 27 December.

  1. Zhihu, often called Chinese Quora, reportedly prepares for a Hong Kong or US IPO (KrASIA)
  2. Ant Group has been asked by People’s Bank of China to rectify the company’s lending, insurance and wealth management services (Bloomberg)
  3. Top Chinese livestreamer Xin Ba fined US$138,000 for selling fake bird’s nest products (pandaily)
  4. World’s first 350 km/h high-speed freight train launched in China (CGTN)
  5. 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)
  6. China’s new law on data privacy will protect personal biometric information, amid growing concerns over the prolific use of facial recognition tech (SCMP)
  7. Ant had cut credit limits for young users on its digital consumer lending platform Huabei (pandaily)
  8. Chengdu and Guangzhou have joined a growing list of Chinese cities to ban the use of single-use plastic (inkstone)

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