Caixin China Biz Roundup: Chinese Users Spend Almost Two Hours a Day Watching Short Video Apps

In today’s episode: new report reveals striking influence of video apps, Douyin and Kuaishou, in the nation of 1.4 billion people; troubled property developer Evergrande falls short in its hunt to raise over $1 billion from share sale to repay debt; and September sees China’s exports expand at their fastest pace in 18 months