Here's what happened in China's markets last trade day (11/13):

Shifting Trends in Singles' Day E-Commerce Singles' Day, popularized by Alibaba more than a decade ago, has undergone changes in China's e-commerce landscape, with consumers turning to live video streaming platforms that provide a more engaging experience. During this year's Double 11 festival period, platforms such as Bilibili saw a 251% rise in gross merchandise value (GMV), while Kuaishou's order volume increased by 50%. Douyin, the parent company of TikTok, had a 119% year-on-year jump in GMV, and Xiaohongshu(Chinese version Instagram) recorded a 4.2x surge in live broadcasting GMV.

Vague Reports from China's Top Online Shopping Platforms During the recent Double 11 shopping event, Alibaba's Taobao and Tmall platforms reported a GMV increase compared to the previous year. However, they offered limited details, likely due to their upcoming Q3 results announcement scheduled for November 16th. JD.com reported that transaction volumes, order volumes, and user engagement hit record highs during the event. The platform will announce its Q3 results on November 15th.

YMTC Sues Micron Amid Tech Battle Amidst rising tensions in the race for tech dominance and tighter US restrictions on China's access to advanced chip technology, Chinese memory chip maker YMTC is suing US-based Micron for violating eight of its patents. The suit was filed in the US District Court of Northern California, but it remains uncertain whether it will succeed in light of the Biden administration's increasingly protectionist policies towards the chip sector. Nevertheless, YMTC unveiled a 232-layer NAND Flash Memory chip, showcasing its technological prowess compared to Western competitors.

China May End Boeing Purchase Ban Ahead of Biden-Xi Meeting Ahead of this month's Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, China hinted at possibly ending its purchase ban on Boeing aircraft. The ban was imposed in 2018 following former President Trump's launch of a trade war with China. As a result, Airbus has seen a 376-unit increase in single-aisle jets while Boeing's sales have stalled. Therefore, a thawing of relations between the U.S. and China could bring benefits to Boeing.

Money Supply Growth Slows in China In October, China's M2 money supply growth slowed to 10.3% year-over-year, hitting RMB 288.23 trillion ($39.5 trillion). The growth met market expectations but was down 1.5 percentage points from the previous year. Additionally, the amount of new loans issued in October surpassed predictions at RMB 738.4 billion ($101 billion). The lower effective interest rates and gradual decrease in the reserve requirement ratio (RRR) cut by 25 basis points in mid-September aimed to free up around RMB 500 billion in liquidity to aid the struggling real estate sector.