Did you know that China’s livestreaming star Austin Li Jiaqi – also called the “Lipstick King” – just sold about $1.7 billion worth of goods in 12 hours? He hosted a live session as part of Alibaba’s Singles Day Shopping Festival on its Taobao app, and the results clearly show the growth of livestreaming in the country, a concept that is still foreign to many other countries worldwide. On 29 September 2021, we hosted a virtual roundtable on China during which local experts shared key insights and recent trends on the second largest economy in the world, after the US. Here are some key takeaways from the session.