Pandaily Digest | Jun 5, 2023
Editor's note: A screenshot of a WeChat conversation involving Tencent CEO Pony Ma went viral today, trending on Weibo and sparking discussions among industry insiders and netizens alike.
Tencent CEO Pony Ma’s WeChat Message Sparks Discussions on Social Media
A screenshot of a WeChat conversation involving Tencent CEO Pony Ma went viral today, trending on Weibo and sparking discussions among industry insiders and netizens alike.Link
Headlines from China
ByteDance’s Douyin Releases Rules that Prohibit Public Welfare Accounts from Participating in Live Streaming Tipping
On June 2nd, the official Douyin account released the latest regulations on the governance of public welfare content on Douyin.Link
The 10,000th Store of Luckin Coffee Opens
A post shared by Yang Fei, co-founder of Luckin Coffee, on his WeChat Moments on June 5th. He also shared a photo of himself holding a cup of coffee from the new store located in Zhongshan Road Pedestrian Street in Xiamen.Link
Tencent Backs Large-Scale AI Models with Investment in MiniMax
Tencent has reportedly made its first investment in large-scale AI models, contributing to a new $250 million financing round for startup MiniMax, which values the firm at over $1.2 billion.Link
News You Shouldn't Miss
Full Truck Alliance Launches China’s First Driver Carbon Account in Freight Industry
On June 5th, Full Truck Alliance, a leading digital freight platform in China, unveiled an upgraded “Manyun Carbon Road Plan” double carbon strategy and officially reached a strategic cooperation in the field of double carbon with the well-known university, Nanjing University of Posts and Telecommunications.Link
Mobvoi Officially Submitted Its Listing Application to the Stock Exchange of Hong Kong
On May 30th, The Stock Exchange of Hong Kong documents showed that the artificial intelligence company Mobvoi submitted an IPO application to the exchange, aiming to become the first AIGC stock. China International Capital Corporation and CMB International Capital Holdings are joint sponsors.Link
Xiaomi Car Announces Multiple Senior Executive Adjustments
Xiaomi Car has announced a number of adjustments to its senior management team. Huang Zhenyu, the Vice President of the Automotive Division, will now also serve as the General Manager of the Auto Supply Chain Department, reporting to the CEO of the Automotive Division, Lei Jun.Link
Zeekr 001 with Qilin Battery from CATL Has Been Delivered
On June 1st, the Zeekr 001 with CATL’s Qilin Battery CTP3.0 achieved a range of 1,032 kilometers under comprehensive working conditions (CLTC) and was delivered at the headquarters of CATL.Link
BYD Ocean Series Car Model Sold 102,572 Units in May
On June 5th, BYD announced the detailed sales figures for its various models of Ocean series in May.Link
Various Car Brands Announce Their Sales Figures for May
On June 1st, it was reported that with the arrival of June, the second half of 2023 officially began and various car companies have experienced explosive growth. Today, Li Auto announced its delivery data for May 2023.Link
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