Last week's hottest news and trends from Chinese social media and digital space.
Bilibili is launching an e-payment service
The Chinese video platform, Bilibili, is ramping up efforts to expand into the domestic payments market by launching its own payment system. This one of many tech companies taking similar steps into the lucrative payment industry, including Meituan, Didi, Douyin, amid the Chinese government’s crackdown on monopoly practices in the country’s internet sector. As consumers, what can we expect from payment services in the future?
China’s first music streaming service, Xiami, is closing down
One of China’s first music-streaming sites, Xiami, backed by Alibaba, is pulling the plug next month after 12 years of entertaining millions of listeners. Quoted by musicians and users, Xiami is known to be very supportive for independent musicians and user experience. However, according to analysts, Xiami couldn’t keep up with the changing times, because of stiff competition with other large music streaming services in market shares, and also artists are being more assertive on protecting copyrights and music labels.
Health is the new luxury in China
The pandemic has truly changed our awareness of health and our increasing focus on seeking “a healthy body and a healthy mind". Health and wellness-related brands have seen a rise in revenue due to a new shift towards spending money and time on exercise, healthy food, sleep, and meditation. As Chinese consumers' definition of luxury goods is slowly changing, people have shifted from buying luxury goods to adapt to the outside world, to buying luxury goods to meet their personal needs. Read Jingdaily to see how health becomes a new luxury trend.
Douyin punished for spreading inappropriate content
Douyin, China's TikTok, has recently been fined by the Chinese government for spreading ‘obscene, pornographic and vulgar’ content. Last year, China's cyberspace watchdogs closed nearly 9,000 “illegal websites” and fined major platforms such as Weibo, Douban, Sohu, and NetEase Music for failing in moderating content posted by their users. According to the state news agency Xinhua, this is a ‘clear signal’ to China’s internet companies that tighter regulations are coming.
Didi fined for cheating coronavirus measures
China is still fighting to prevent the spread of COVID-19. Recently, Chinese leading ride-hailing platform Didi and its subsidiary platform Huaxiaozhu, were fined 1.07 million RMB by Beijing’s traffic regulator due to not abiding by epidemic prevention rules after its drivers repeatedly tested positive for coronavirus. This is another punishment made to Didi after last year’s tragic death of two passengers. As a major riding app, Didi is raising more attention to the government for further moderations.