Pandaily Digest | Jan 9, 2023
Editor's note: Recently, some Chinese companies have become more active, showing confidence and ambition in the market, and their cooperation with the outside world has become more frequent.
ByteDance’s Feishu Shifts Focus to Global Market
The management team of Feishu, an office communications platform owned by TikTok parent company ByteDance, revealed at a recent internal meeting that the product’s domestic business operations in China will soon no longer be profitable, and its focus will shift to overseas markets like Japan, Southeast Asia, and Europe. Link
Headlines from China
TCL RayNeo Unveils Augmented Reality Glasses at CES 2023
TCL RayNeo, an augmented reality startup incubated by TCL Electronics, announced at CES 2023 its launch of the RayNeo X2 AR smart glasses that harness pioneering binocular full-color Micro-LED optical waveguide displays alongside an array of new interactive features. Link
NetEase Games Acquires Canada-Based Game Studio SkyBox Labs
NetEase, a leading Chinese internet and game services provider, announced on January 6 that its games division had acquired SkyBox Labs, a Canada-based game studio. Link
Pfizer and Chinese Authorities Fail to Reach Deal on COVID Pill Paxlovid
Talks between Chinese regulators and US pharmaceutical company Pfizer regarding the potential inclusion of Paxlovid, an orally administered COVID-19 medication, in the country’s public health insurance scheme have broken down. Link
80% of Car Buyers Willing to Pay for Autonomous Driving, Haomo Chairman Says
An advanced driver-assistance system (ADAS) has turned out to be a must-have for car buyers, as eight out of 10 are willing to pay for the feature, said Zhang Kai, the chairman of Beijing-based autonomous driving company Haomo.AI Technology Co., Ltd., at the firm’s seventh AI Day event held on January 5. Link
News You Shouldn't Miss
Xiaomi Developing Two Car Models Simultaneously
Chinese media outlet LatePost learned exclusively that the Beijing-based tech giant’s first car will be a medium-sized fastback sedan referred to by internal code “Modena,” with two versions for which the prices have not yet been decided. Link
Realme to Become First Smartphone Brand to Mass Produce 240W Fast Charging Devices
Chinese smartphone brand realme officially confirmed on January 5 the launch of its GT Neo5 smartphone in mainland China in February. This all-new offering will be capable of 240W fast charging – the fastest speed under the Type-C standard. Link
Tesla’s Sharp Price Drop in China Spurs Car Owner Complaints
Tesla suddenly posted record-low vehicle prices for the Chinese market on January 6, dropping the value of its Model 3 by between 20,000 and 36,000 yuan ($2,942 – $5,297) and of its Model Y by between 29,000 and 48,000 yuan ($4,267 – $7,063). Link
Baidu Research Unveils Top 10 Tech Trends for 2023
Baidu Research, a leading AI research lab initiated by Baidu, released its predictions on January 5 for the top 10 technology trends of 2023, including big models, digital-real convergence, etc. Link
DJI Denies Splitting Off Automotive System Department
Shenzhen-based drone maker DJI denied a report by Leiphone claiming that the company’s automotive system department has been split to establish a new company called Shenzhen Zhuoyu Technology Co., Ltd. Link
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