Pandaily Digest|Apr 26, 2023
Editor's note: Today, Alibaba Cloud announced the largest price reduction in history. Core products’ prices have been reduced by 15 to 50%, with storage products having the highest discount.
Alibaba Cloud Announces the Largest Price Reduction in Its History
On April 26th, Alibaba Cloud announced the largest price reduction in history. The prices of core products have been reduced by 15% to 50%, and the highest discount for storage products is up to 50%.Link
Headlines from China
Tencent Releases Self-Developed Robot TRX-Hand
On April 25, Tencent’s Robotics X lab announced the latest progress in robot research and launched a dexterous hand, TRX-Hand, and a mechanical arm, TRX-Arm.Link
Tesla’s Superchargers in Mainland China Are Open to Other NEVs
On April 25th, Tesla opened its charging network to other non-Tesla new energy vehicles in mainland China for trial. The first batch of trials includes 10 Tesla supercharging stations that are open to 37 non-Tesla vehicle models.Link
AI Company Mobvoi to Go Public in Hong Kong as Early as Q2
Mobvoi, an artificial intelligence company founded by Li Zhifei, a former Google scientist and senior natural language scientist, will submit its prospectus to the Hong Kong Stock Exchange in the second quarter, IPO Zaozhidao reported on April 24th. Li is a highly regarded AI scientist during today’s large model boom in China.Link
News You Shouldn't Miss
Evergrande Auto to Sell Residential and Property Management Projects to Focus on EV Production
On April 24th, China Evergrande Group announced that its new energy vehicle division will sell two of its businesses to another unit within the group. The move is aimed at enabling Evergrande Auto to focus on automaking.Link
MWC Shanghai to Return in June, A Digital Shanghai Zone to Debut
The Mobile World Congress (MWC) is set to take place at the New International Expo Center (SNIEC) in Shanghai, China from June 28-30 this year. As a significant trade show within the Asian mobile ecosystem, MWC Shanghai has already been held for nine sessions.Link
Baidu’s ERNIE Bot Reduces Reasoning Cost by 90%
Recently, Baidu held a technical exchange meeting for ERNIE Bot, which has been in internal testing for a month. The meeting revealed that ERNIE Bot has completed four technology version upgrades and the cost of large model inference has been reduced to one-tenth of the original.Link
Popular Video Creator Complains about Lower Income on Bilibili
A video creator on Bilibili, with 10.26 million followers, recently revealed his financial challenges on the Chinese video site. This comes after several popular creators announced a pause in updating their channels due to declining commercial advertising partnerships and high costs associated with creating long-form videos.Link
BYD Wins Qualification as Lithium Battery Material Producer in Chile
On April 24, BYD announced that its Chilean subsidiary, BYD Chile SpA, has reached an agreement with Chilean governmental organization CORFO on lithium battery material production.Link
Changan Ford’s Executive VP: Price War among New Vehicles in China to Start after April
Yang Dayong, the Executive Vice President of Changan Ford, a joint venture between China’s Changan Automobile and US-based Ford Motor, has stated that the price war in China’s automobile industry is just beginning, according to a report from Daily Economic News.Link
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