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The longest november 11 shopping festival-related has ended, with the platform's coupon service. Tmall achieved over 589 brands breaking the billion mark, while jd.com's brand transaction volume exceeded 0.017 million, a more than fivefold increase.
This year's november 11 shopping festival-related started 10 days earlier overall, with platforms offering competitive prices and services, good value for money. Tmall's transaction volume exceeded 100 million yuan, a year-on-year increase of 46.5%, setting a new historical record, while jd.com saw transaction volumes from over 30,000 small and medium-sized merchants more than doubling year-on-year. With government subsidies, home appliance consumption took the spotlight on this year's november 11 shopping festival, followed closely by mobile phones, digital products, and outfits. Jd.com reported a 200% year-on-year increase in transaction volumes for 519 home appliance and home furnishing product categories, while Xiaomi announced a total accumulated payment amount breaking 31.9 billion yuan through all channels, setting a new record for Xiaomi's annual major promotions. Over 100 live streaming rooms on Taobao surpassed 100 million yuan in transactions, reaching a historic high; jd.com's live broadcast order
ant group co., ltd. owns 35% of the shares, and Qiantang Credit Reporting has obtained the third personal credit reporting license in China.
The central bank announced today that it has approved the personal credit business license of Qiantang Credit. Qiantang Credit has become the third licensed personal credit institution after Baihang Credit and Pudao Credit. According to the previous public announcement, the shareholders of Qiantang Credit are: Zhejiang Provincial Tourism Investment Group Co., Ltd. holding 35%, and Ant Financial Services Group holding 35%.
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Express News | China has approved an a 6 trillion yuan ($839 billion) program to refinance local government debt, aiming to support its slowing economy. Offshore RMB exchange rate falls to 7.180.
FrankieSmilez :
beedeebee OP FrankieSmilez : too high level, no details plan of the allocation and when will they roll out.
FrankieSmilez beedeebee OP : On Saturday, Lan said Beijing was "accelerating the use of additional treasury bonds, and ultra-long-term special treasury bonds are also being issued for use".
"In the next three months, a total of 2.3 trillion yuan of special bond funds can be arranged for use in various places," he added.
On top of that, Beijing also plans to "issue special government bonds to support large state-owned commercial banks," Lan said, although he did not say how much.
beedeebee OP FrankieSmilez : yea, that's about it. Probably I don't see what you see.
FrankieSmilez beedeebee OP : They'll be another update on Monday Morning
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