So, what’s up in China? 🇨🇳 Issue 61, covering 18 – 24 January.
- Douyin will replace Pinduoduo as the sole sponsor of the digital red packet event during the 2021 Spring Festival gala (KrASIA)
- ByteDance unveils payment service for Douyin (Asia Nikkei)
- China’s central bank released draft antitrust rules for country’s booming online payments sector (pandaily)
- GMV of WeChat mini-program commodity transactions doubled in 2020 (TechNode)
- Pinduoduo is criticised again, vendors were caught selling live puppies in surprise “blind boxes” (pandaily)
- 800 million people have used WeChat health code since it was developed (KrASIA)
- China failed to buy agreed amounts of US goods under ‘phase one’ trade deal (CNBC)
- China has become the world’s largest online retail market for the 8th consecutive year, accounting for 24.9% of the total retail sales of consumer goods in 2020 (Dao Insights)
- China’s public and private sectors are set to spend RMB 10.6 trillion through 2025 into tech infrastructure (Asia Nikkei)
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