So, what’s up in China? 🇨🇳 Issue 61, covering 18 – 24 January.

  1. Douyin will replace Pinduoduo as the sole sponsor of the digital red packet event during the 2021 Spring Festival gala (KrASIA)
  2. ByteDance unveils payment service for Douyin (Asia Nikkei)
  3. China’s central bank released draft antitrust rules for country’s booming online payments sector (pandaily)
  4. GMV of WeChat mini-program commodity transactions doubled in 2020 (TechNode)
  5. Pinduoduo is criticised again, vendors were caught selling live puppies in surprise “blind boxes” (pandaily)
  6. 800 million people have used WeChat health code since it was developed (KrASIA)
  7. China failed to buy agreed amounts of US goods under ‘phase one’ trade deal (CNBC)
  8. 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)
  9. 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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