Pandaily Digest | Feb 15, 2023
Editor's note: Chinese consumer electronics maker Xiaomi is close to obtaining approval for producing electric vehicles (EVs). Two car industry insider sources confirmed this.
Xiaomi to Obtain Electric Vehicle Manufacturing License
Chinese consumer electronics maker Xiaomi is close to obtaining approval for producing electric vehicles (EVs). Two car industry insider sources confirmed this, adding that nothing is set in stone before an official announcement. Link
Headlines from China
Meituan’s Consumer Finance Company Rumored to Be Established in Shenzhen
Meituan’s consumer finance company was recently reported to be established in Shenzhen this year. A Meituan representative stated, “We have no clear short-term plan or goal for the specific license application.” Link
Autonomous Driving Startup Plus May Split Chinese Team, Mulls Listing
Plus, a self-driving truck company, may initiate its US listing plan again by merging its Chinese business into Full Truck Alliance, a digital freight platform. The official announcement will be unveiled in March this year. Link
JIDU to Apply Baidu’s ChatGPT-Style Project to Intelligent Driving
JIDU, a new energy smart vehicle company with a joint investment from Chinese internet giant Baidu and leading automobile maker Geely, announced that it would apply Baidu’s ChatGPT-like project Ernie Bot to intelligent driving. Link
Kuaishou Rejects Chairman Su Hua’s Plan of Entering Chip Business
On January 19 this year, Su Hua offloaded a large number of shares in the Chinese short video platform Kuaishou through a block deal. Su was likely eyeing to enter the computer chip industry, although Kuaishou rejected Su’s plan. Link
News You Shouldn't Miss
“The Three Body Problem” Adaptation Copyright Holder to Develop Film Version in China
Zhao Jilong, CEO of The Three-Body Universe, the copyright owner of the adaptation of the book, revealed the company has been looking for suitable adaptation ideas and story presentation, hoping to make an even bolder effort with cinematic features. Link
Douyin Explores Online Livestream Programs for Medicine
At the beginning of this year, ByteDance’s short video app Douyin started to explore online livestream broadcasting as a method of promoting and facilitating drug sales. Link
Chinese Tennis Player Wu Yibing to Welcome Huge Commercial Value after Lifting ATP Tour Trophy
Wu Yibing became the first Chinese mainland player to lift an ATP Tour trophy after winning the Dallas Open title on February 12. The 23-year-old tennis player outclassed his 37-year-old American opponent John Isner 6-7(4), 7-6(3), 7-6(12). Link
NIO Test Drive Crash Causes One Death and One Serious Injury
An accident involving an NIO vehicle in Shanghai has led to one death and one serious injury. The electric vehicle suddenly accelerated onto the sidewalk during a prospective buyer’s test drive. Link
Chinese Tea Chain Mixue Opens First Store in Australia
Mixue, a Chinese tea-based beverages brand, opened its first store in Australia recently in Sydney’s World Square, and the turnover on the first day of trial operation exceeded 24,000 yuan ($3,507). Link
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