So, what’s up in China? 🇨🇳 Via Ashley Dudarnek 1. The number of active mobile internet users in April reached 1.16 billion in China. The average monthly time was 144.8 hours, up 13% YoY. 2. In 2022 China will officially become an “aged society.” 1 in 7 people will be aged 65 years or older. 3. American Express will be the first foreign credit card company to launch onshore operations in China. 4. China’s manufacturing sector continues to suffer from the impact of Covid19. In May producer prices fall 3.7%, sharpest drop in 4 years. 5. China’s rural e-commerce market, projected to reach US$ 240 billion by the end of 2020. The talent gap in the sector would rise from 2.1 million in 2021 to 3.5 million in 2025. 6. Kuaishou will spend about US$ 1.41 billion to build its largest data center. 7. Sales of admission tickets for amusement parks rose by 437% on JD compared with the same period last year. 8. Weibo would take some features offline for a week in compliance with orders from the Cyberspace Administration of China (CAC). 9. WeChat added delivery services to its mini programs. If you like my weekly digests and want me to continue, pls let me know with a ‘YES’ below. 👇👇👇 ❗You can now follow #ashleytalks for more insights on #China.
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