DAILY BRIEF: May 31, 2022

NEWS YOU SHOULDN’T MISS

• 1

  Tencent-Backed Online Literature Platform the Latest Chinese Firm to Jump on NFT Bandwagon

  The platform is built on COL’s extensive digital library, numbering more than 5.1 million assets covering animation, drama, novels and games. South China Morning Post

• 2

  KFC's Free Psyduck Pokemon Model Sells for $195 in China

  The Pokemon with a headache is being used to convey anger on social media over China's zero-COVID policy. PC Mag

• 3

  Live Nation Inks Universal Music Group Licensing Pact in China

  Live Nation Electronic Asia, the namesake promoter’s EDM division for the continent of over 4.5 billion residents, has unveiled a licensing deal between its Fabled Records label and Universal Music Group (UMG). Digital Music News