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Nothing to see here – Temu all but ignored in PDD earnings call
Starlight dimming – Influencer agencies go it alone with in-house brands
No fairy-tale ending for Wanda
After the gold rush comes the delivery-worker glut
Briefing
Wanda to sell 99Bill for 1 billion yuan
Chinese FM meets Elon Musk
Education-tech company Youdao’s losses double
Business
Gaotu’s Q1 profits hit US$100 million
First Faraday Future supercar said to be in production
MediaTek and NVIDIA collaborate on automotive chips
BYD claims all vehicles meet national emissions standards
Highlights
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Chinese cities rush to legalize street vendors to boost consumer spending
From coal town to culinary phenomenon – the ascent of Zibo
Not enough rooms? How about a crush on the couch?
Economics
Hong Kong’s crypto-regime in place by June 1
China's youth unemployment hits record high
Cities
Hong Kong’s crypto-regime in place by June 1
Jiangmen’s papermaking industry transformed by Huawei
Meituan finally begins food deliveries in Hong Kong
Life&Culture
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Where are we going? Yao-Chinese Folktales ask hard questions of China’s animators
Lost but not forgotten – Sanlitun takes its place in history
End of Covid control brings testing times for former frontline workers