So, what’s up in China? 🇨🇳 Issue 63, covering 1 – 7 February.

  1. Two weeks after the launch of a national CNY shopping festival on Jan 20, online retail sales reached RMB 510 billion (USD 78 billion) (KrASIA)
  2. Alibaba Group’s Youku, iQIYI and Tencent Holding’s Tencent Video announced their cooperation in launching the first online cinema project during China’s Lunar New Year holidays (pandaily)
  3. The number of brands and merchants on Tmall Global grew 60% in 2020 (China Internet Watch)
  4. Luckin Coffee files for bankruptcy in the US (TechNode)
  5. Douyin is suing Tencent for monopolistic behaviour including blocking Douyin’s content on its WeChat and QQ apps (TechNode)
  6. Tencent has launched an early version of a separate portal within WeChat to centralise various mini programs (KrASIA)
  7. Chinese authorities have banned the use of mobile phones in schools (SCMP)
  8. Alibaba Group announces revenue of US$ 33.9 Billion, while Taobao Live generated over RMB 400 billion in GMV in 2020 (pandaily and China Internet Watch)
  9. China issues another set of anti-monopoly rules targeting its tech giants (Reuters)

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