18/12/2019 GBA Briefs

Tencent likes Vipshop: Tech titan Tencent has increased its stake in online discount retailer Vipshop from 8.7% to 9.6%, making it now the second-largest shareholder. Read more on Caixin.

Beijing to re-route HK trade?: To meet the commitment to increase US$200 billion of imports over the next two years from the US, as agreed in the phase one trade deal, Beijing is considering re-routing the trade that passes through Hong Kong, making the goods directly transported to the mainland. Read more on Bloomberg.

Shenzhen cross-border e-commerce: The export value of Shenzhen’s cross-border e-commerce industry grew by almost four times YoY, to 6.8 billion yuan for the first ten months of 2019. Read more in Chinese.

Guangzhou nanotech: Companies focused on nanotechnology can get subsidies of up to 170 million yuan and rewards of up to 100 million yuan from Guangzhou’s Huangpu district. Read more in Chinese.

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