Following the lifting of the shutdown in Shanghai, the local health surveillance equipment market is expected to reach 50 billion yuan. Hangzhou will support its e-commerce and Huawei will win 5 ‘legions’. Merchants now have to pay for Douyin, and Tencent is rearranging its news service. Fewer smartphones are expected to be shipped to the world this year, and a bill in the United States will ban Chinese digital currency.
The lock in Shanghai has been lifted, but residents who go to public buildings or use public transportation must show a negative result on a nucleic acid test that is no more than 3 days old. Everbright Securities expects two million digital control machines to be deployed in public places in the coming weeks, and that is a market of 50 billion. If this proves successful in the fight against Omicron, it could spread to the whole country. The units cost between 2000 and 10,000 yuan each. Feel the time took only two weeks to create a device with 6 functions: mask detection, temperature screening, health code verification, vaccination data retrieval and nucleic acid report as well as identity verification.
Hangzhou supports e-commerce
Hangzhou city has a special fund of 5 billion yuan to stimulate the development of e-commerce. The plan, which consists of 22 points, will take effect next month and run until 2025. New e-commerce companies registering in Hangzhou will be eligible for grants of up to 5 million yuan, while e-commerce platforms with annual revenue of more than 10 billion yuan is entitled to a one-time maximum of 1 million yuan. † Companies with an annual turnover of more than 20 million yuan and an average annual growth rate of more than 20 percent over the past three years are also entitled to a maximum of 1 million yuan once. There are also grants for qualified training and delivery companies. Shenzhen and Shanghai are also considering such support measures
Huawei: 5 more legions
huawei which has already formed a number of ‘legions’ specializing in digitization of sectors in recent months, has now added 5 more: digital economy, energy, machine vision, digitization of manufacturing and public services. In total, Huawei now has 20 legions working on new business models.
Merchant pays for Douyin
Owner Bytedance van Douyin plans to charge offline merchants and the hospitality industry to use Douyin to promote their business. The new rule, which takes effect on Wednesday, will apply to all merchants that offer so-called group purchase agreements or discounts that apply to mass purchases of one item by several customers. The commission varies from 2 to 8%. Douyin has 600 million active users every day. After June 1, new sellers who state their location can enjoy a discount for the first 60 days.
Tencent rearranges the news service
Tencent has rearranged the operation of its news services. Video expert He Yijin became the new director to replace music manager Wang Shimu. At least 4 editors follow in the footsteps of Wang, who is to lead Huanhe, a non-fungible tokens trading group. The emergence of news aggregator Jinri Toutiao has reportedly reduced the need for editorial teams.
Less sales of smartphones are expected
Sends smartphones to the whole world, according to Counterpoint research dfrom 1.39 billion last year to 1.36 billion this year. Last year, there was still a growth of 4 per cent. The impact of Omicron and insecurity from the war in Ukraine are important reasons. However, a revival is expected in the second half of the year, partly as a result of the government’s stimulating measures.
AliCloud is targeting Southeast Asia
According to Synergy research leads Amazon global (excluding China) cloud market by 33%, followed by Microsoft by 22% and google by 10%. In the Asia-Pacific region, Alibaba 25% market share and 9.55% worldwide. For the first time, Alibaba’s cloud division became profitable. Since IDC Cloud claims that in the region, the cloud is the most advancing, Southeast Asia will remain the focus of Alibaba. Last summer, for example, the Project AsiaForward project was launched with $ 1 billion in cash for 100,000 developers and startups.
United States bill against digiyuan
Some U.S. senators, including the inevitable Marco Rubio, introduced a bill on May 26 to ban U.S. online platforms from handling digiyuan. Chinese digital currency is seen by petitioners as a means of infiltrating the US economy and accessing health information for US citizens. If the draft became law, google Play Store and apple Store no longer offers the app for digiyuan
Sources: SCMP, China Week