Happy Chinese New Year - I hope everyone had a good holiday OR, if you're in the West, have enjoyed seeing things besides China in the headlines while the country was away on holiday.

Today we talk about continued anti-trust movement in China. The government is enacting increasingly strong policies to break-up big tech monopolies in China - namely, Tencent and Alibaba - and smaller players like Bytedance and a Chinese JV (Joint Venture) with GM are cashing in. Bytedance and the JV have both submitted monopoly complaints against Tencent.

Community group-buy of grocery continuues to boom in China. What seems to be the the biggest player, the two-year old XingSheng YouXuan, is now worth a whopping 8 billion USD! 

ANTI-TRUST - Formal rules against big tech 

• https://technode.com/2021/02/08/china-formalizes-antitrust-rules-targeting-tech-giants/

STANDARDS - WSJ picks up on the story we broke a few weeks ago on China taking up technology standards as a national imperative.

• https://www.wsj.com/articles/from-lightbulbs-to-5g-china-battles-west-for-control-of-vital-technology-standards-11612722698

GROCERIES - Kevin's fav topic 兴盛优选 raises 2 BILLION USD

• https://www.reuters.com/article/xingsheng-youxuan-fundraising-idUSL1N2KP0HH
• https://kr-asia.com/greengrocer-xingsheng-youxuan-to-bag-usd-3-billion-from-sequoia-tencent-others

XIAOMI is reportedly making a move into electric vehicles

• https://technode.com/2021/02/20/xiaomi-reportedly-plotting-electric-car-play/

SUPPORTING A START-UP!
Support your physical and mental health! Join Kara Wurtze's movement which she began in Guangzhou, China, now 100% online https://www.k2fitchallenge.com/

See Kara on TedxGuangzhou https://www.youtube.com/watch?v=QkHXwg2PcfA

(Fun side note: Adeh and I are both fitness coaches as a hobby)