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Welcome back dear readers to your China Digest appointment, in a week that has seen major news. Internet portal and owner of microblogging service Weibo, Sina, announced that it has entered into a definitive agreement for a delisting from Nasdaq, while Hong Kong Exchange CEO Charles Li announced its decision to step down, ten months before the end of his term. Also, chipmaker SMIC is facing a harsh moment, as its shares dived as much as 7% in Shanghai on Monday, following reports indicating upcoming US export restrictions that could cut off the firm from vital equipment and software. On our feature story, we analyze how Walmart's reported participation, together with Oracle, in a deal to maintain TikTok's operations in the US, could rejuvenate the company’s stuttering e-commerce business. As the fitness industry is recovering at a slow pace after the post-pandemic period, "new-style" gyms such as Shape, powered by tech, want to redesign the market, learn more in our Inside China's Startup story. As always, stay up to date with us.   
— By   Simone Martin 



Sina CEO Charles Chao and his company New Wave will pay roughly USD 2.6 billion for the outstanding ordinary shares.
Hong Kong Exchange CEO Charles Li to step down by the end of this year

Dai Zhijian, the current co-president and chief operating officer, will be new CEO of HKEX.


The fate of TikTok and WeChat in the US is still full of uncertainties as the Trump administration is insisting on proceeding with the bans.


As China’s designated national semiconductor champion, SMIC still lags behind the world’s leading foundries such as TSMC.

The firm’s flagship app Dedao has over 3.5 million monthly active users.



Walmart could leverage TikTok’s backend and a partnership with ByteDance to create social commerce platforms for the next generation of shoppers.

Alibaba’s newest C2M platform, Rhino, is set to enable new brands and SMEs looking to crack the e-commerce market.
The fitness industry is recovering at a slow pace after the post-pandemic period.

Decoding Ant Group's relationship with Alibaba
From shareholders and leadership to operations and finance, Ant Group has Alibaba’s DNA right from the start.

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