China

In the name of protecting minors, an article by People’s Daily took aim at the country’s video providers.

One Alibaba manager, Wang Chengwen, allegedly forced a female employee to drink excessive alcohol. The employee woke up naked in a hotel room the next morning.

Shein has retreated from Indonesia.

Thousands of employees of Dali Education, ByteDance’s edtech division, are being laid off.

China Venture Roundup Volume 47 covers China’s investment activity from July 26 to August 1, 2021.

As of June, the digital yuan was used in RMB 34.5 billion (USD 5.34 billion) worth of transactions across retail, public transportation, utility bill payments, and government services.

China’s chip-making champion gains momentum as the global semiconductor shortage persists.

The Tencent-backed supermarket chain is trying to recover an edge after losing out to internet giants in the grocery market.