Press Review

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[November 1st – November 7th]

Panda Review 24 China digital news

So what happened these past 2 weeks in China ? 

Read our press review below: all the best news about E-commerce, digital marketing, social media, KOL news, travel retail and tourism industries, new technologies, Chinese society and culture. And sometimes, great Chinese digital market white book or report to download that we found for you!

🛍️ E-commerce & Co.

China proposes a rating system for internet platforms

TECHNODE – November 1, 2021

China proposes a rating system for internet platforms

China’s top market regulator introduced Friday a draft rating system for Chinese internet companies in an attempt to define their services and corresponding responsibilities.

 

Metaverse & Virtual Reality – the trends that level up China’s Double 11 Shopping Carnival

DAO INSIGHTS – November 5, 2021

Metaverse & Virtual Reality – the trends that level up China’s Double 11 Shopping Carnival

With the shopping festival coming to its 13th year, strategies platforms have been adapting and evolving around the goal to keep consumer enthusiasm alive. This year’s innovation is the application of virtual beings and the introduction of the new buzzword Metaverse, which reactivates those regular Double 11 shoppers.

 

China’s market regulator bans unfair practices during Double 11 sales

GLOBAL TIMES – November 7, 2021

China’s market regulator bans unfair practices during Double 11 sales

China’s top market regulator on Saturday issued a notice banning e-commerce platforms from unfair practices such as “raising prices of items before putting them on sale” during the ongoing Double 11 shopping festival, in a bid to promote transparency in order to better protect consumers.

 

The High-Tech Cosmetics Set to Tempt Chinese Consumers

SIXTH TONE – November 7, 2021

The High-Tech Cosmetics Set to Tempt Chinese Consumers

Global beauty firms are turning to high-tech offerings — from lipstick printers to lab-made human enzymes — to gain an edge in the increasingly competitive Chinese market.

 

🤳 Digital Marketing, KOL

Top Social Star Li Ziqi Breaks the Illusion and Sues Influencer Agency

JING DAILY – November 6, 2021

Top social star Li Ziqi breaks the illusion and sues influencer agency

Three months ago, the 30-year-old star ceased posting on platforms and has now filed a suit against her agency, Weinian, an influencer company based in Hangzhou that owns her image.

 

How to Get Co-branding Right in China

JING DAILY – November 7, 2021

How to Get Co-branding Right in China

Brand collaborations are more popular today than ever. But can Chinese brands reap collaborating benefits without using the influence of global players?

 

👀 New Technologies

A Chinese virtual character hits 1.5 million followers on Halloween night

DAO INSIGHTS – November 2, 2021

A Chinese virtual character hits 1.5 million followers on Halloween night

“The hunter’s” image perfectly matches the guochao trend in China, where local brands and this popular design style are gaining popularity.

China has a digital currency — and people are starting to use it

NBC NEWS – November 3, 2021

China has a digital currency — and people are starting to use it

Central banks around the world are looking at developing central bank digital currencies to modernize their financial systems and ward off competition from cryptocurrencies.

Chinese ministry orders 38 apps to rectify data collection practices

KR ASIA – November 4, 2021

Chinese ministry orders 38 apps to rectify data collection practices

China’s Ministry of Industry and Information Technology (MIIT) has ordered the operators 38 apps to rectify their user data collection practices. This is the first batch of companies to be warned after China’s new Personal Information Protection Law (PIPL) went into effect on November 1.

🏮 Society & Culture

Elon Musk Confuses Internet after Tweeting Ancient Chinese Poem

RADII CHINA – November 2, 2021

Elon Musk confuses Internet after tweeting ancient Chinese poem

Never one to miss an opportunity to stir up the Twitterverse, Tesla titan Elon Musk has once again triggered online debate after posting the well-known Chinese poem “The Quatrain of Seven Steps.”