[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.
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.
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.
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.
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
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.
👀 New Technologies
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.
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.
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.