Pandaily Digest | Jan 11, 2023
Editor's note: Pfizer is working with Chinese partners to provide Paxlovid to China from the first half of this year.
Pfizer to Provide COVID Pill Paxlovid to China in First Half of 2023
Albert Bourla, the CEO of US pharmaceutical giant Pfizer, said that the company is working with Chinese partners to provide Paxlovid, a COVID-19 pill developed by the firm, to China from the first half of this year, Bloomberg reported on January 10. Link
Headlines from China
Tesla Global VP Grace Tao Explains China Price Adjustment Strategy
Tesla China recently reduced the prices of its Model 3 and Model Y, inciting the frustration of previous buyers and driving an uptick in new customers. On January 9, Grace Tao, global vice president of Tesla, attempted to clarify its pricing logic. Link
Tim Hortons Unveils Chinese Brand Name After Local Division Lists on Nasdaq
Canadian coffee chain Tim Hortons officially announced on January 9 the new name of its Chinese brand – “Tianhao Coffee” – in Shanghai. This indicates an important market strategy of its local division since listing on the Nasdaq. Link
NIO to Develop Electric Vehicle Priced at Over $147K
NIO Capital will invest tens of millions of US dollars in electric vehicle startup Zhixing, whose first car will be an ultra-high-end SUV with a price tag of over one million yuan ($147,738). Link
Baidu’s Robin Li Introduces Firm’s Feedback-Driven Innovation
At the 2022 Baidu Create event on Tuesday, firm CEO Robin Li delivered a speech about feedback-driven innovation and its influence on China’s real economy, showing the tech giant’s expectations for the future golden decade of AI development. Link
News You Shouldn't Miss
Former Head of Alibaba’s Online Storage Platform Joins ByteDance’s Feishu
Qi Junyuan, the former head of Alibaba’s online storage platform and founder of Teambition, a digital collaboration platform, has recently joined Feishu, an office communications platform operated by ByteDance. Link
Xiaomi Founder Lei Jun Steps Down From Roles at Three Affiliated Firms
Xiaomi founder Lei Jun has recently withdrawn from three affiliated companies, including Xiaomi Software Technology Co., Ltd., Xiaomi Pictures Co., Ltd., and Beijing Tianmi Technology Co., Ltd. Link
Tencent’s WeChat Video Channels Saw Robust Growth in 2022
WeChat, Tencent’s social media app, saw its business ecosystem expand last year with the robust growth of a video-based feature called Channels, according to information disclosed at the firm’s annual flagship event, WeChat Open Class PRO 2023. Link
XPeng to Welcome New Marketing Leader
Reportedly, Yi Han, a former Geely executive, will join XPeng as vice president after the upcoming Spring Festival holiday and will be fully responsible for marketing and public relations. Link
DJI Unveils New Travel Stabilizer RS 3 Mini for Mirrorless Camera Products
DJI, a Shenzhen-based civilian drones maker, on January 11 introduced the DJI RS 3 Mini, a lightweight handheld travel stabilizer developed specifically to support today’s mainstream brands of mirrorless cameras and lenses. Link
In order to optimize your reading experience, articles linked in our newsletter have changed from those hosted at Substack.com to those on our own website at Pandaily.com. If you have any question regarding this matter, please contact us at contact@pandaily.com