EDM 1 – Issue 550

Stronger together? Why arch-rivals Tencent and Alibaba could be close to a truce

Plus: Evergrande shares plunge 30% on more bad news for the indebted property giant; how Chinese unicorn KK Group is chasing Gen Z shoppers; why antitrust bosses blocked Tencent’s Huya-Duoyu combo

Also: a terrible week for pop star Kris Wu as he loses 17 brand endorsement deals; deadly downpour kills 33 in Henan; and the reaction to China’s carbon trading scheme, which has launched in Shanghai