Last few months we've been talking about Chinese government cracking down on big tech monopolies. We've also been talking about how the group-buy grocery market which has become China's most recent capital investment battleground. This week, these two topics converge as five of the major group-buy grocery companies are fined by China's government for pricing their products too low.

As the crackdown on big tech monopolies continues, Pony Ma plans a trip to Beijing to advocate for more government control of the Internet. We then talk more about 5-year plans and other government plans, particularly China's ambitious carbon emission reduction goals which are already having a significant impact - such as stopping all crypto mining in Inner Mongolia.

EDIT: The final version of China's 2021-2025 five-year plan has not yet been released, drafts and plans have been circulating since December 2020.

• Grocery buying companies hit with fines for pricing too low
  • https://technode.com/2021/03/03/china-fines-five-community-group-buy-firms-for-irregular-pricing/
  • More info on grocery buying and personal stories of group-leaders on these platforms https://technode.com/2021/01/27/friendly-neighbors-are-key-to-chinas-group-buying-craze/
• Pinduoduo double's revenue in 'agricultural goods' https://kr-asia.com/key-stat-pinduoduo-says-agricultural-gmv-hit-record-high-ahead-of-annual-earnings-release
• 14th five year plan draft analysis - https://crsreports.congress.gov/product/pdf/IF/IF11684
• Inner Mongolia halting crypto mining to reduce energy usage - https://pandaily.com/inner-mongolia-to-end-crypto-mining-by-april-in-bid-to-reduce-energy-consumption/