Trending in China

1. Jack Ma’s new venture—pre-packaged meals? ‘Hangzhou Ma’s Kitchen Food’ launches in Alibaba’s hometown. This marks Jack Ma’s new venture amid post-pandemic eating habit shifts. Despite plans to fund this through Alibaba share sales earlier, a stock price plunge has delayed these sales. (South China Morning Post) — 2. China’s new visa-free policy sparks tourism […]

1. Does Japan and Thailand lose allure for Chinese tourists? China Trading Desk’s poll shows Japan dropped from the top to the 8th most popular travel destination for Chinese tourists. Thailand, initially the most popular this year, fell to the 6th place in Q3. Meanwhile, Singapore reigns in first. (Travel Daily News) — 2. Retail

1. Big tech withheld Double 11 sales data. Alibaba and JD experienced sales growth during 2023 Double 11, but didn’t reveal exact revenues. Alibaba’s platforms saw 402 brands each surpassing 100 million yuan in GMV. JD reported over 60 brands each exceeding 1 billion yuan in transaction volume. (SCMP) — 2. Chinese elderly love K-pop?

1. China’s future in AI and humanoid robots. The country will establish a humanoid robot innovation system by 2025. The goal is for China to become the global leader in this tech by 2027. (Yahoo! Finance) — 2. Shanghai now accepts overseas bank cards at key venues. Over 36,000 sales machines citywide will now accept