Pandaily’s Digest #20210712
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China’s Top Market Regulator Bans Merger of Tencent’s Video Game Streamers Huya, DouYu
China’s market regulator on Saturday blocked tech giant Tencent’s merger of Huya and Douyu, two videogame streaming platforms.
Xiaomi Acquires an Autonomous Driving Technology Company, as Industry Competition Heats Up
Autobit reported on Friday that Chinese tech giant Xiaomi has recently acquired DeepMotion, an autonomous driving technology company.
Alibaba’s Taobao and Alipay Cancel Advertisements Displayed While Starting the App
Many netizens have commented since last night that a range of online service providers, including e-commerce platform Taobao, online payment app Alipay, second-hand trading platform Xianyu, food delivery service provider Eleme and other apps under Alibaba Group have canceled the advertisements that usually appear when users open the apps, winning unanimous praise from the public.
Chinese Wearable Technology Firm Huami to Launch New OS with Better Understanding of User
Chinese smart wearable device manufacturer Zepp Health, previously known in the international market as Huami, has announced that it planned to unveil its own OS, labelling it “a wearable system that understands users better and is more suitable for watches”.
Meituan Taxi Service Gives it Another Go on App Stores Amid Didi Investigation
Chinese taxi-hailing app Meituan Taxi, which had been taken down from online stores two years previously, has now been relaunched.
Hooked on Dating Apps: Where is China’s Gen Z Swiping Right?
According to an industry report, the total number of users in the stranger-meeting/dating app category in China exceeded 600 million by 2020, with about half of those born after 1995. Since 2019, internet giants like Tencent and Bytedance have all put out new products to compete in the market, with Tencent introducing more than eight new apps in two years. What’s so appealing about them?
Tencent Music to Give Up Exclusive Music Rights as Chinese Authorities Intensify Antitrust Push
China’s antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd. to relinquish its exclusive music rights, Reuters reported on Monday, citing people with knowledge of the matter. In addition to giving up exclusive rights to music labels, Tencent Music Entertainment Group (TME) will no longer need to sell its subsidiary apps Kuwo Music and Kugou Music.