Sep 9 – Chinaccelerator Daily Digest: Five Headlines you need to know
1. China Internet Report 2021 by SCMP Research. SCMP
2. Wong Kar-wai released his first NFT, to be sold at Sotheby’s Hong Kong Oct 9 auction. Called “In the Mood for Love: A Moment,” it’s 90-second long and includes unreleased footage from the movie. Technode
3. BlackRock, the first foreign asset manager to operate a wholly-owned business in China’s $3.6 trillion mutual fund industry, raises $1B in maiden mutual fund from more than 111,000 investors. Reuters
4. TikTok overtakes YouTube for average watch time per user in US and UK, according to App Annie. Tiktok lets users tip creators with “coins” – its own version of Twitch’s “bits”, while YouTube runs similar programs. BBC
5. Didi-backed community group-buying grocery unit Chengxin Youxuan scales back to 9 provinces. Retail platforms are facing stricter supervision this year: in March, China’s regulator fined 5 group-buying platforms a total of 6.5 million yuan for price dumping. Pandaily