Pandaily Digest | Jan 4, 2023
Editor's note: Chinese tech giant ByteDance has launched a round of layoffs covering about one-tenth of its employees, mainly affecting staff members focused on R&D, products, and operations.
ByteDance Initiates Layoffs for 10% of Staff
Chinese tech giant ByteDance has launched a round of layoffs covering about one-tenth of its employees, mainly affecting staff members focused on R&D, products, and operations. Link
Headlines from China
Chinese EV Firms Unveil 2022 Delivery Volume
As the new year commences, China’s top electric vehicle manufacturers have been announcing their delivery volume for the final month and the entire year of 2022. Link
Xiaomi Vice President Cui Baoqiu Leaves Group
Xiaomi announced on December 30 that the firm’s Learning and Development Department was being merged into the Human Resources Department. And, Cui Baoqiu, the former vice president of the group, has left for personal reasons. Link
Tom Zhu to Run Tesla’s Global Sales, Delivery, Services and Production, Reports Say
Tom Zhu, Tesla’s head of China and global vice president, was reportedly given a new position on January 3. Going forward, he will be responsible for the US-based automaker’s global sales, delivery, after-sales, and factory production. Link
Huawei Responds to Reports of Smart Watch Measuring a Sausage’s Heart Rate
One Chinese web user posted that they had put Huawei’s smart watch product on a ham sausage, and it actually showed blood oxygen saturation data. A staff member at Huawei Consumer Service Hotline responded to the matter. Link
News You Shouldn't Miss
Nreal Achieves Mass Production of 100,000 AR Glasses
Augmented reality glasses firm Nreal held a ceremony on December 30 to mark the production of its 100,000th pair of glasses, and to officially announce that it has become the first AR brand in the world to reach this milestone. Link
Pfizer’s COVID Pill Paxlovid Price Soars Amid Skyrocketing Demand and Supply Shortages
Due to the rapid increase of COVID-19 infection cases in China, the demand for Pfizer’s pill Paxlovid has also greatly increased. Many hospitals have said that their inventory is tight. The price of Paxlovid on third-party channels has soared. Link
Geely Subsidiary Becomes Sole Shareholder of Smartphone Firm Meizu
A subsidiary of leading Chinese automaker Geely has recently become the sole shareholder of Meizu, a Zhuhai-based smartphone company, as shown by public business inquiry platforms on December 30. Link
Chinese Regulator Requires Rectification of Illegal Cross-border Operations of Brokerages Futu and UP Fintech
China’s Securities Regulatory Commission said on December 30 that online brokerages Futu Holding, and UP Fintech Holding, have conducted cross-border securities businesses without regulatory consent, contravening Chinese laws. Link
Baidu and Geely-Backed JIDU Debuts ROBO-01 SUV Standard Version EV
JIDU, a new energy smart vehicle company with a joint investment from Chinese internet giant Baidu and leading automobile maker Geely, unveiled its ROBO-01 standard version vehicle at an automotive exhibition on December 30. Link
Enjoy Pandaily’s Digest newsletter so far? Subscribe to our premium/pro plan with a holiday season offer to get full access to ALL content on Pandaily.com and our exclusive database of over 100 Chinese tech companies