Hot investment news in China this weekend.

  • E-commerce, Pinduoduo: Pinduoduo’s performance exceeded expectations, with institutions predicting that TEMU’s GMV will reach $18 billion in 2023.
  • AI applications: Video AI startup Pika has gained popularity, attracting funding for video generation and other AIGC applications, with the potential to become the next destination for multimodal applications.
  • Game media: Leading game companies and film companies are starting to invest in mini-games and micro-drama tracks, potentially driving the industry towards refinement.
  • Stocks starting with “Zhong”: State-owned capital operation companies enter ETF purchases, Guoxin Investment announces increased holdings of Zhongzheng Guoxin Central Enterprise Technology Index Fund.
  • Data elements: China’s commodity trade sector completes its first data rights confirmation. People’s Data issues three certificates of data rights confirmation to Xiaoshangpincheng Group.

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