Pandaily Digest|Mar 22, 2023
Editor's note: This year, Chinese automaker BYD focuses on expanding into global markets and enhancing its technological capabilities. Kunlunxin announced that BYD had become one of its shareholders.
BYD Invests in Chip Startup Kunlunxin
In 2023, Chinese automaker BYD is focused on expanding into global markets and enhancing its technological capabilities. Kunlunxin, a chip company in China, has announced that BYD had become one of its new shareholders.Kunlunxin’s registered capital recently rose from 17.6777 million yuan ($2,569,064) to 17.8525 million yuan ($2,594,468), with BYD now owning 0.33% of the company’s shares. Link
Headlines from China
Baidu’s Apollo Go Launches Fully Unmanned Automatic Driving Travel Service in Beijing
On March 17th, Baidu’s Apollo Go was allowed to carry out a demonstration of its unmanned automated driving service in Beijing. This is the first time in the world that unmanned motor vehicles have been implemented in a capital city. Link
CATL Tops February Installed Power Battery Capacity in China
In February, the installed capacity of power batteries for new energy vehicles totalled 18.4 GWh in China, up 66% year-on-year and 4.8 GWh higher than last month. Chinese battery giant CATL now occupies 49.1% of the market share, ranking first, with a total installed capacity of 8092MWh. Link
Tencent, NetEase Games Approved for Launch in China
China’s National Press and Publication Administration released the approval information of imported online games in 2023 on March 20, and a total of 27 games were approved. NetEase‘s “Audition: Everybody Party” and Bilibili‘s “Pretty Derby,” and Tencent‘s “Merge Mansion” are all on this list. Link
News You Shouldn’t Miss
ByteDance’s Douyin Launches Video App Qingtao
Douyin, the Chinese version of TikTok owned by ByteDance, quietly launched an application called “Qingtao,” according to a report by Tech Planet on March 20. The introduction shows that Qingtao is a video platform for young people with a focus on interest and knowledge sharing. Link
Chinese Car Firm BYD Tests Smart Watch Products
Chinese new energy automobile company BYD is about to launch a smart watch product to replace current car keys. There will be open sales of the new product in April. At present, some car owners are trying it out, and it shows up in the BYD Auto app. Link
Baidu’s Ernie Bot-Integrated Cloud Service to Launch on March 27
Baidu recently launched its ChatGPT-like platform called Ernie Bot, and is preparing to introduce a cloud service on March 27 that will integrate the large language model (LLM) and generative AI product. Link
NIO Announces Findings of Sexual Assault Investigation
Chinese leading electric vehicle maker NIO released a report on its internal investigation regarding the dismissal of a former intern who claimed to have been sexually assaulted and subjected to unfair treatment while employed at the company. Link
Ex-Chairman of Tsinghua Unigroup Transferred to Procuratorial Authorities
Zhao Weiguo, the former chairman of the Chinese semiconductor company Tsinghua Unigroup, was transferred to the procuratorate for investigation and prosecution on suspicion of duty-related crimes. Link
XCMG Group Releases Web3 Exploration Plan
Xuzhou Construction Machinery Group (XCMG ) announced the Bored Ape NFT series number #3489 as its ambassador at the construction machinery exhibition at the Las Vegas Metaverse, and released its Web3 exploration linkage plan. Link
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