iTrends: Huge Market for Post-Lockdown Health Monitoring Devices

After the lockdown in Shanghai is lifted, the local market for health monitoring devices is expected to reach 50 billion yuan. Hangzhou will support its e-commerce, and Huawei will gain 5 ‘legions’. Merchants now have to pay for Douyin and Tencent is reorganizing its news service. Fewer smartphones are expected to be shipped to the world this year and a bill in the US wants to ban the Chinese digital currency.

Do not lift lockdown in Shanghai without Covid checks Disclaimer

The lockdown has been lifted in Shanghai, but residents who go to public buildings or use public transportation will be required to submit a negative nucleic acid test result no older than 3 days. Everbright Values expect two million digital control machines to be deployed in public places in the coming weeks and this is a market of 50 billion. If this is successful in fighting Omicron, it could spread throughout the country. The devices cost between 2,000 and 10,000 yuan each. sense of time it took only two weeks to create a device with 6 functions: mask detection, temperature check, health code verification, vaccination data retrieval and nucleic acid report, as well as identity verification.

Hangzhou supports e-commerce

The city of Hangzhou has a special fund with 5 billion yuan to stimulate the development of electronic commerce. The 22-point plan will take effect next month and run until 2025. E-commerce startups registering in Hangzhou will be eligible for grants of up to 5 million yuan, while e-commerce platforms with annual turnover of more than 10 billion yuan are entitled to a single maximum of 1 million yuan. † Companies with an annual turnover of more than 20 million yuan and an average annual growth rate of more than 20 percent in the past three years are also entitled to no more than 1 million yuan one time. There are also allowances for qualified training and delivery companies. Shenzhen and Shanghai are also considering such support measures.

Huawei: 5 more legions

huawei which has already formed a series of ‘legions’ specialized in the digitization of sectors in recent months, has now added 5 more: digital finance, energy, artificial vision, digitization of manufacturing and public services. In total, Huawei now has 20 legions working on new business models.

Merchants pay for Douyin

Owner byte dance van Douyin plans to charge offline merchants and the hotel industry for using Douyin to promote their business. The new rule, starting Wednesday, will apply to all merchants offering so-called group buying deals, or discounts that apply to bulk purchases of an item by multiple customers. The commission varies from 2 to 8%. Douyin has 600 million active users every day. After June 1, new sellers who disclose their location will be eligible for a discount for the first 60 days.

Tencent reorganizes the news service

Tencent has reorganized the operation of its news services. Video expert He Yijin became the new director to replace music manager Wang Shimu. At least 4 publishers are following the example of Wang, who will lead Huanhe, a group for trading NFTs (non-fungible tokens). Reportedly, the rise of news aggregator Jinri Toutiao has reduced the need for editorial teams.

Fewer smartphone sales expected

Shipping smartphones around the world, according to counterpoint research dfrom 1.39 billion last year to 1.36 billion this year. Last year there was still a growth of 4%. The impact of Omicron and the uncertainty of the war in Ukraine are the main causes. However, a revival is expected in the second half, partly as a result of government stimulus measures.

AliCloud targets Southeast Asia

According to synergy research Guides Amazon global (excluding China) cloud market by 33%, followed by Microsoft with 22% and Google by 10%. In the Asia-Pacific region, alibaba 25% market share and 9.55% worldwide. For the first time, Alibaba’s cloud division turned profitable. As IDC Cloud states that in the region, the cloud is making the most progress, Southeast Asia will continue to be a focus of Alibaba. Last summer, for example, the Project AsiaForward project was launched with $1 billion in cash for 100,000 developers and startups.

American bill against the digiyuan

Some US senators, including the inevitable Marco Rubio, introduced a bill on May 26 to ban US online platforms from handling the digiyuan. The petitioners view the Chinese digital currency as a means to infiltrate the US economy and access the health information of US citizens. If the bill becomes law, Google game store and apple The store no longer offers the application for the digiyuan

Sources: SCMP, Week in China

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