Pandaily Digest | Feb 3, 2023
Editor's note: Reports claimed that Microsoft will cut its Suzhou division in China, implementing large-scale layoffs. However, several independent sources confirm that the news was not true.
Microsoft Rumored to Cut Suzhou Division in China, Future Adjustments Inevitable
Reports surfaced recently alleging that Microsoft will cut its Suzhou division in China, implementing large-scale layoffs with compensation. However, several independent sources confirmed that the news was not true. Link
Headlines from China
Xiaomi Global VP Manu Kumar Jain Leaves Company
Manu Kumar Jain, the global vice president of Chinese electronics giant Xiaomi, announced his resignation on January 30. Jain joined the firm in 2014 and joined its international business in July 2021. Link
NIO Reduces Prices, Maximum Drop of Nearly $14,892
Chinese electric vehicle maker NIO began reducing its prices recently, starting with the ES6, ES8, and ES7 models. This promotion plan was first announced at the company’s regular meeting on the morning of February 1. Link
JD.com Founder Richard Liu Returns to China
Richard Liu, the founder and chairman of Chinese e-commerce giant JD.com, was recently spotted arriving at Beijing Capital International Airport. Sources close to Liu said that he had returned to work in China immediately after his child was born. Link
Xiaomi Fines Partner $148,926 for Leaking Design Documents
Chinese electronics maker Xiaomi decided to require a compensation of 1 million yuan ($148,926) from its partner, a molding technology company, which leaked a draft version of the front and rear bumpers for Xiaomi’s yet-to-be-released vehicle. Link
News You Shouldn't Miss
Decentralized Social Networking App Damus Removed From Chinese App Store
Damus, a social networking product based on the decentralized protocol Nostr, announced on February 3 that, according to the requirements of the Cyberspace Administration of China (CAC), it would be removed from domestic app stores. Link
ByteDance Denies Major Changes to Health and Q&A Platforms
ByteDance has denied claims that its Xiaohe Health app will be shut down and that its Wukong Q&A app, which was shut down two years ago, will be launched again with a brand-new logo. Link
NetEase’s Blizzard Game Refund Application Channel in China Attracts Nearly 1M Users
NetEase opened a refund application channel for Blizzard game players who had recharged but not used some of their virtual currency or unexpired game services. At present, the number of people queuing for a refund has reached nearly 1 million. Link
DJI Launches L-Mount for Integrated Cinema Camera System Ronin 4D
Chinese drone and camera gimbal maker DJI on February 2 launched an L-Mount product for its integrated cinema camera system Ronin 4D, for a price of 2,499 yuan ($370). Link
Geely-Backed EV Firm Zeekr Names Third Car “Zeekr X”
Geely-backed electric vehicle company Zeekr officially announced on February 3 that the name of its third vehicle model would be the “Zeekr X”, also unveiling its appearance and body dimensions. Link
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